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Interpreting yesterday's PBOC announcement:
Regarding individual cryptocurrency trading, the PBOC mentioned in the document "Risk assumed by oneself, losses are not responsible," which sounds much more moderate than before.
Many friends are wondering, does this mean personal crypto trading is now legal again?
Answer: Actually, personal crypto trading has never been illegal; the crackdown only targets organizers and operators.
So why are the words more moderate than in the second half of last year?
Answer: Because last year when the document was issued, Bitcoin was close to $110,000. The PBOC was telling you: it's peaked, stop playing, and get out quickly! So they wanted to scare you with harsh language. This time, the PBOC has softened its tone, actually to tell you: it's peaked, if you want to play, just take the risk, and don’t bother me if something goes wrong!
Everyone say! Is our PBOC good or not? They really care about us! #当前行情抄底还是观望？