People’s Bank of China (performs the function of the Central Bank), which previously established numerous restrictions on mining and trade in Bitcoin, looked at him and recognized the “investment alternative”, writes CNBC.
“We consider Bitcoin and Stelkokin [General name of the group cryptocurrency, tied to ordinary currencies or physical assets], as cryptocurrencies. They are investment alternatives,” said the Deputy Bank of China’s People’s Bank.
According to him, the regulator still does not consider Bitcoin and other cryptocurrency with full currencies, so the only application is in the investment plane.
Against the background of WHI Words, Bitcoin rose by 5.3 percent over the past 24 hours. At the time of publication, his course was 57.1 thousand dollars.
In 2017, China’s authorities banned ICO – the primary release of the cryptocurrency tokens, as well as a way to attract investment in the company, as well as the work of cryptoch in the country. Such measures were explained by concern about the financial stability of the state.