Cryptocurrency in China: Central Bank Shake-Up Dims Hopes for Policy Reversal

Hopes that China's anti-crypto stance could soon change have been crushed by the appointment of a known crypto-critic as the Communist Party's top official at the People's Bank of China (PBoC). According to a recent Wall Street Journal report, the Party's new appointee to the Chinese central bank is Pan Gongsheng, the bank's current deputy governor....