Cryptocurrency, News

China’s Central Bank: Carry out rectification of all kinds of virtual currencies

A few days ago, the Chinese central bank convened a 2018 national monetary gold and silver teleconference. Fan Yifei, the deputy governor of the central bank, pointed out at the meeting that this year the bank must steadily promote the R&D of its own digital currency, carry out rectification of various types of virtual currencies, closely communicate and collaborate with relevant departments, and vigorously rectify chaos in the cash flow field.

Fan Yifei emphasized that the bank needs to establish a supervision system for cash-separated enterprises in accordance with laws and regulations, carry out rectification of various types of virtual currencies, and strive to construct “Five-in-one” anti-counterfeit money work mechanism, strengthen the RMB-related collections market management, and effectively safeguard the RMB circulation order.

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