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Forex Reform To Deal With Cryptocurrency According To Senior Chinese Foreign Exchange Official

Ramsey Baker

Summary: China has hinted that the country may once again change their treatment of cryptocurrencies as it looks to reform forex markets, according to a report from Reuters. Lu Lei, deputy head of the State Administration of Foreign Exchange (SAFE) stated that along with the expansion of Beijing’s blockchain cross-border financing pilot platform China would also ...

China has hinted that the country may once again change their treatment of cryptocurrencies as it looks to reform forex markets, according to a report from Reuters.

Lu Lei, deputy head of the State Administration of Foreign Exchange (SAFE) stated that along with the expansion of Beijing’s blockchain cross-border financing pilot platform China would also implement a new “prospective study on foreign exchange reforms to deal with cryptocurrency.”

By Ramsey Baker

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