7/31/2021, 9:18 AM (Source: TeleTrader)
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PBoC to keep 'pressure' on crypto speculators

The People's Bank of China (PBoC) stated on Saturday that it plans to "maintain a high level of pressure" on companies speculating in digital currencies.

In a statement published on its website, the PBoC reiterated it will keep the monetary policy flexible and targeted in the year's second half.

The Asian country's central bank underlined that it will avoid "flood-like" monetary measures, and stressed that its primary goal in the second half of 2021 will be to ensure the stability of its macro policies.

Baha Breaking News (BBN) / BU