Taiwan central bank governor Yang Chin-long with some comments
He joins a chorus of central bankers to have made similar comments this week. We had ECB's Benoit Couere comments and the Sweden's central bank also publishing a report echoing the same thoughts on cryptocurrencies.
Meanwhile, cryptocurrencies continue to struggle across the board in a follow through from yesterday's selling after the Google announcement to ban cryptocurrency ads starting from June.
Bitcoin is now trading at $7,850 levels and yesterday's decline sees it post fresh lows for the month but more importantly it closed below the 200-day MA (blue line). It doesn't look pretty from a technical perspective:
