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Li Bo: crypto assets can be used for investment

Li-Bo-crypto-assets-can-be-used-for-investment Li Bo | Deputy Governor of the People's Bank of China

For the first time, the central bank of China recognized cryptocurrencies as an asset - Deputy Governor of the People's Bank of China (PBC) Li Bo called them an alternative investment asset. 

As reported on Twitter by Chinese journalist Colin Wu, who works in the field of cryptocurrencies, Bo called digital currencies an investment vehicle. Also, such assets can be considered for alternative investments. 

"Li Bo, deputy governor of the Central Bank of China, said that crypto assets such as Bitcoin should be used as investment tools or alternative investments. This is the first time that the Chinese government has recognized the asset value of cryptocurrencies," 

Wu writes.

The journalist noted that the Chinese authorities have long recognized Bitcoin as a virtual commodity, while banning the ICO in the country, as well as the activities of cryptocurrency exchanges. He called the general policy of the Chinese leadership towards digital assets "vague".

At the same time, Bo stressed that until the Central Bank of China determines the necessary rules for regulating cryptocurrencies, the current policy will continue. Recall that now in China, an active development of a national digital currency is underway and mass tests of the digital yuan have already begun. Various commercial banks of the country take part in the testing, and the tests themselves are taking place in different cities and provinces of China.

SOURCE

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