Former PBOC Member Slams China's Cryptocurrency Restriction

IndustryTrends

Huang Yiping has expressed concern about China missing out on financial development prospects as a result of the country's ban on cryptocurrencies.

In his opinion, prohibiting cryptocurrency-related activity was feasible in the short term.

By outlawing cryptocurrency, people risk missing out on enormous potential opportunities. He admits that cryptocurrency has resulted in new digital technologies.

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