BEIJING, March 9, 2018 – Zhou Xiaochuan, governor of China’s central bank, the People’s Bank of China (PBoC), talks about digital currency, bitcoin and regulations on digital currency during a press conference held for the National People’s Congress 2018. He said, there’s no imminent regulatory measures on digital currency. Future regulations are dynamic depending on the technology and regional trial.
Zhou’s main points are as follows:
Digital currency is technically inevitable1. The issuance of digital currency is under research by the PBoC, it is not a realization of technology application, but aiming to improve convenience and cut costs in retail payment. While security and privacy should be paid attention to.
2. Digital currency is technically inevitable. Paper money and coins may be reduced even one day replaced by digital currency. While be wary of its influence on the financial system and investors.
Do not rush to roll out digital currency...
http://news.8btc.com/pbocs-zhou-xiaochuan-no-imminent-regulatory-measures-on-digital-currency