Bitcoin is facing a new test as the digital currency undergoes scrutiny from China. The People’s Bank of China (PBOC), the country’s central bank, has been looking into bitcoin and other digital currencies this year. The bank has now released a statement warning investors about the risks of digital currencies. According to the PBOC, digital […]
Why China Bitcoin It Its Digital
Since Bitcoin’s inception in 2009, the digital currency has been a controversial topic among governments and financial institutions. While some countries have embraced Bitcoin and other digital currencies, others have been hesitant to adopt them, citing security and regulatory concerns. China, which has been a leader in digital currency innovation, is now looking to take […]
Read Time:
18 Min
0
0