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Former PBoC official calls on China to reevaluate its ban on crypto

May 30, 2023


As cryptocurrencies look to be on the road to recovery, with prices rising and daily signs that adoption is on the rise, authorities in China have begun floating the idea of lifting the country’s ban on crypto so that it can remain competitive in the global economic landscape.

Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), recently voiced his concerns about the future of fintech in China and believes the government should reevaluate its position on the sustainability of a long-term ban on cryptocurrency trading.

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