People's Bank of China Official Writes Negative Bitcoin Opinion Piece
Sheng Songcheng of the People's Bank of China's PBOC financial survey and statistics division has had an opinion piece published this week on the topic of virtual currency titled "Virtual currency is essentially not money" (translated). "It is hard for the likes of Bitcoin to become a currency," Sheng writes in the piece. "Bitcoin is merely a Utopia for technology supremacists and absolute liberalists." It's a verbal blow, but the opinion has had little effect on anything bitcoin-related at the moment. The damage has already been done in China as of when the PBOC banned third-party payment....
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Bitcoin, like other virtual currencies, is fundamentally not a currency, the head of the Chinese central bank's financial survey and statistics department, Sheng Song Cheng, wrote in an opinion piece published online on 2nd January. Sheng's piece added that it would be difficult to see how bitcoin could ever be considered a currency in the future. Although Sheng's view underlines the central bank's official position laid out last month, which states that bitcoin is not a currency "with real meaning", the statistics head took the additional step of labelling the cryptocurrency a "utopia"....
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