Chinese Central Bank Official: We Don't Want to Suppress Bitcoin
A representative from the People's Bank of China claimed in a press conference yesterday his institution is not trying to prevent bitcoin use, just clarify its status, according to a report from BitcoinExaminer. Questioned about the central bank's recent actions limiting bitcoin use in China, its chief of the survey and statistics department Sheng Song Cheng answered: "We don't want to suppress or discriminate against bitcoin, we are simply saying it is not a currency." Sheng stressed that bitcoin's status in China was that of a "virtual good", and that the bank's position was in line with....
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Qatar Central Bank is presently examining the possibility of issuing a digital currency as well as digital bank licensing, an official has said. The official adds this study will help the central bank get an understanding of what its area of focus should be.
The Growing Significance of CBDC
An official with the Qatar Central Bank (QCB) has said the institution is presently studying digital bank licensing as well as digital currencies. The official, Alanood Abdullah Al Muftah, the head of the bank’s fintech division, adds the study will enable the QCB to gain a better....
These Chinese are, without any doubt, at the forefront of the price increases behind Bitcoin late this year, and as a result, the cryptocurrency has been making headlines just about everyone. We're now at a point where huge businesses are accepting the currency, and even governments are recognizing Bitcoin as legal tender. But for as long as Bitcoin has existed, there's a been a black cloud above it. Central banks. It's the exact opposite of what Bitcoin is all about. No authority, no central bank. So it's interesting to know what the Chinese Central Bank has to say on Bitcoin. According....
A senior Chinese central bank official who leads the department investigating bitcoin exchanges has revealed telling insights into authorities’ current stance on the bitcoin industry in China. Since the turn of the year, the People’s Bank of China (PBOC) has taken a notable interest in the local bitcoin industry. The bank’s officials have spoken to representatives from the big Chinese exchanges, conducted ‘on-site inspections’ of these exchanges and have wielded their authority to force the industry into making a handful of notable changes. Putting an end to zero-fee trading and margin....