Bitcoin is an ‘alternative investment,’ Chinese official says

Bitcoin is an ‘alternative investment,’ Chinese official says

Li Bo, one of the deputy governors of the People’s Bank of China (PBoC), said over the weekend that Bitcoin and other stablecoins could be considered as ‘alternative investments.’ According to him, the classification will remain valid until there is proper legal clarity.

Bo made the statement during a recent Bo’Ao Asia Forum. He explained:

We regard bitcoin and stablecoins as crypto assets. Crypto assets, as Agustin just discussed, are investment alternatives, they are not a currency per se. The main goal we see for crypto assets, going forward, they are mainly investment alternatives.

For the uninitiated, Stablecoins are digital assets that are pegged to a fiat currency, such as the British pound or the U.S. dollar.

Bo further explains that if stablecoins gain significant ground in China, issues may eventually come under the same legal regulation as traditional banks.

For stablecoins, they are crypto assets, and if they want to be accepted widely as a payment solution, we need stronger regulations, stronger than bitcoin maybe, in the sense, something like a currency board… Going forward, I think stablecoins, which may have the vision to become a widely accepted payment solution, has to be regulated like a bank or a quasi-bank.

The news comes as a surprise considering China’s stringent stance on the usage and possession of cryptocurrencies. On the flip side, the Chinese local market has remained one of the largest trading zones in the world.

Read more

R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

R0AR Introduces Unified DeFi Platform for Token, Liquidity, and NFT Staking

sheridian, wyoming, June 17th, 2025, Chainwire R0AR has launched its decentralized finance (DeFi) platform that integrates token staking, liquidity provision, and NFT-based rewards into a single user interface. Designed to support long-term engagement, the platform streamlines participation while incorporating embedded security measures and time-based reward models. Streamlined Staking and Liquidity

By John Williams

Cropto Redefines Agricultural Investment with the World’s First Comprehensive RWA Token Family

Bringing agricultural investment to blockchain, Cropto tokenizes 20 major commodities, making real-world assets accessible, secure, and tradable 24/7 Cropto, the agri-fintech pioneer revolutionizing agricultural investment, is proud to introduce the world’s first and most comprehensive Agricultural Real-World Asset (RWA) Token family, enabling seamless, secure, and 24/7 investment

By John Williams