China's Crypto Ban Stays Firm Despite Hong Kong's Crypto Hub Hopes: Bloomberg
China’s PBOC Shake-Up Sends Mixed Signals Pan’s historic remarks during a previous crackdown on crypto, including a statement in 2017 about the eventual demise of Bitcoin, have resurfaced with his new appointment. advertisement “If you sit by the river and watch, one day the corpse of Bitcoin will float in front of you,” he said at an event in 2017 However, the PBOC has not provided any comment on Pan’s current views on cryptocurrencies or the future of China’s digital-asset ban. Last year, the China Economic Daily, the voice of China’s Communist Party, hinted at stricter regulations on ‘digital collections’ or NFTs. Experts, including Bloomberg economist David Qu, suggest that Pan’s appointment underscores the PBOC’s unwavering stance against Bitcoin. Qu highlights that PBOC governors historically have not supported Bitcoin, and the developments in Hong Kong hold little relevance as mainland Chi...