Chinese media urged citizens not to buy bitcoin on hay

Two Chinese state-run media outlets published brief articles urging citizens to focus theirattention to blockchain technology, not the "noise" around the rise in the price of bitcoin.

Sina and Xinhuanet news agencies said the BTC rally was unfounded and should befocus on government policy on blockchain, rather than succumbing to the mood of the bullish cryptocurrency market.

The state press agency is confident that citizens will "gradually see the potential application of blockchain technology in various fields" and technological progress and regulatory support "are coming"this statement is consistent" in achieving this goal.negative attitude of the Chinese authorities towards BTC and altcoins.

The article added that cryptocurrency trading only creates "uncertainty" and blockchain technology is on the "narrow right track."

Although this is not the first time that China's major state media have been criticizedBTC, they have not reported cryptocurrencies in their editorial lines for a long time.

Bitcoin and other activities related to cryptocurrency are practically banned in the country from 2017.

The Chinese government continues to prepare the soil and clear the space for the introduction of the digital yuan.The People's Bank of China (NBK) has already published a bill that gives the right status to its central digital currency (CBDC).

Meanwhile, interest in the first cryptocurrency is growing rapidly.

This year, not only have bitcoin prices reached significant highs, but, according to Google Trends, interest on the request of "bitcoin" has reached an 18-month high.The last record high of requests was recorded in February 2018.

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