Bitcoin (CRYPTO: BTC) and other cryptocurrencies "are not legal tenders and have no actual value support," according to Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC) Yin Youping. What Happened: According to a report by local news outlet People's Daily Online, Youping said that cryptocurrencies are purely speculative assets. He also advised the public to increase its risk awareness and stay away from the crypto market to "protect their poc
This is a horrible news for the workers and people building the nation.
The people who profit from crypto schemes are neither workers nor do they build the nation