The People’s Bank of China (PBOC) has reiterated its commitment to barring speculation in cryptocurrencies from the Chinese domestic market by declaring that they lack any “real value support.” “We once again remind the general public that virtual currencies such as Bitcoin are not statutory money, and do not have any real value support,” said Yin Youping (???), deputy-head of PBOC’s financial consumer protection department on 27 August, at a press conference on financial risk awareness in China. “Transactions in relation to virtual currency are purely categorised as investment speculation, and the general public must strengthen its risk awareness, consciously...