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| Yi gang bitcoins | Insider Trades. The governor asserted that "[while] China reserves the right to intervene in market turbulence, authorities must allow market forces to drive yuan moves more. On the other hand, on March 16, the Central Bank of China broke the news of working on the development of a national cryptocurrency , with which they want to ease the sending of fast and safe money between people. But the stock gave back those gains and more the next day, perhaps as investors woke up realizing they gave Ebang too much credit for the development. Print E-mail. TV Watch. |
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PBOC's Yi Gang Promises More Open Financial SectorGang has not yet made any statements directly addressing the legal status of Bitcoin and crypto exchanges in China as governor. Yi Gang, vice president of the People's Bank of China, said for the first time that China will not acknowledge the legitimacy of bitcoin. Speaking in a seminar during the International Monetary Fund (IMF) and World Bank spring meetings in Washington on Saturday, Governor Yi Gang.
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