China’s PBOC Governor Speaks Against Speculative Cryptocurrencies

This week, the governor of the People's Bank of China (PBOC), Zhou Xiaochuan, talked about public and private cryptocochanches. Zhou's description is that the central bank does not like the "speculative cryptocurrency product" and the bank officially does not recognize digital currencies such as bitcoin. Apart from this, Zhou points out that the bank monitors the projects like Bitcoin and initial supply of coins (ICO), and aims to speed up regulatory actions. SOURCE https://news.bitcoin.com/chinas-pboc-governor-speaks-against-speculative-cryptocurrencies/