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Understanding China's approach to virtual currencies

03:34 Min

China is tightening the screws again on cryptocurrencies but with a twist that matters beyond Bitcoin. Beijing is reaffirming that virtual currencies remain illegal, while signalling it may allow certain types of tokenisation - under strict vetting. So what is being banned, what might be allowed and why now? Roland Lim explains.

China is tightening the screws again on cryptocurrencies but with a twist that matters beyond Bitcoin. Beijing is reaffirming that virtual currencies remain illegal, while signalling it may allow certain types of tokenisation - under strict vetting. So what is being banned, what might be allowed and why now? Roland Lim explains.

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