The post People’s Bank of China RRR Cut Expected To Boost Bitcoin appeared first on Coinpedia Fintech News The People’s Bank of China (PBoC) has announced a 50 basis points cut to the Reserve Requirement Ratio (RRR), to provide support for risk assets, including cryptocurrencies. The unexpected decision follows the Chinese government’s proposal of a $278 billion package to strengthen the country’s stock markets. Details and Reasons QCP Market Update suggests that this …
