Why A Central Bank of China Official Said Bitcoin Has Major Role in the Future
For the first time, a Chinese government official has recognized the value of Bitcoin and other cryptocurrencies. The People’s Bank of China Deputy Governor, Li Bo, called these assets an important part of the future at the Boao Forum for Asia, per a report by Colin Wu. Bo said Bitcoin and cryptocurrencies should be regarded […]
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Yi Gang, the deputy governor of the People's Bank of China, this week mentioned bitcoin in comments that have sparked optimism in the country's bitcoin business community. Speaking in Chinese at an economic forum, Mr Yi made statements to the effect that it would be impossible for China's central bank to recognize bitcoin as a legal, legitimate financial instrument "in the near future". But perhaps more significantly, he added that people should be free to buy and sell bitcoins on exchanges with no interference from the central bank, and that he would personally look at the digital....
As already was published during the previous month, bitcoin has taken a huge interest for itself in China. It is not a secret that there are very many users of the crypto currency located in China, there are even lots of miners. The leading exchange service is as well located in the republic. Many others have emerged during the present year. However, the legality of the matter – buying, selling, receiving and sending of bitcoin was questioned to be legal. Many members of the virtual community were not sure to be able to leave the underground. The position of the key person of the economics....
An official for China’s central bank unveiled usage statistics of state-backed digital currency trials held in three Chinese cities.
China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digital yuan and more than 8 million merchants now accept e-CNY.
China’s Central Bank Digital Currency Growing in Adoption
Zou Lan, head of financial markets at the People’s Bank of China (PBOC), provided an update on the country’s central bank digital currency (CBDC), the digital yuan, at a press....
China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users.
PBOC Adds More Cities to Test Its CBDC
The Chinese central bank, the People’s Bank of China (PBOC), said Saturday that it is adding more pilot cities to test its central bank digital currency (CBDC), the digital yuan (e-CNY).
The new pilot cities are Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen, and six cities in the Zhejiang province that will host the 2022....