Chinese Central Bank Says It Will Keep up the Pressure on Cryptocurrency Speculation, Internet Finance

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The People’s Bank of China (PBOC) has reiterated its commitment to keeping a tight lid on risk in the online finance sector as well as speculation in cryptocurrencies.

PBOC’s 2022 Financial Markets Work Teleconference (金融市场工作电视会议) convened on 1 March called for “cooperation with relevant authorities to continue to drive Internet platforms to engage in self-inspection and rectification of their financial operations.”

PBOC officials at the teleconference also said that the Chinese monetary authority would “continue to maintain high-pressure strikes against trading and peculation in cryptocurrencies.”