[2018-03-09] PBOC’S Zhou: No Imminent Regulatory Measures On Digital Currency

[lylian]

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 inevitable

1. 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

[Rustamm]

A bit strange. In the news flow, the words and the opinion of the head of the central People's Bank of China that he believes that bitcoin and other digital crypto-currency can not be considered a means of payment on the territory of the country are also higher, and here, with reference to his own words at this conference already stated that he recognizes that technical progress in the field of crypto currency can not be stopped and therefore he admits that a crypto currency in one day can squeeze ordinary money. This is a diametrically opposite opinion. Therefore, periodically, and there are news that are fake. Most likely, as always, everything is inaccurate translation of news.