[2018-03-10] - China PBoC Head Says "Bitcoin ‘Not Accepted’ As Payment"

[DeadCoin]

https://cointelegraph.com/news/china-pboc-head-says-digital-currency-inevitable-bitcoin-not-accepted-as-payment

Governor of the People’s Bank of China (PBoC), Zhou Xiaochuan, said in a press conference that authorities are not rushing to issue a national digital currency and still do not recognize Bitcoin as a legitimate payment method, reports China Daily on March 9.

Zhou expressed the PBoC’s position frankly:

“We do not currently recognize Bitcoin and other digital currencies as a tool like paper money, coins and credit cards for retail payments. The banking system does not accept it.”

Such decisions by authorities still cause the crypto growths lack back? Will this affect the cryto values growth?

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[Rustamm]

When the crypto currency has been in decline for the third month, such news is not encouraging. Of course, this will slightly affect the short-term course of bitcoin, but it will then recover quickly, as it has already happened more than once. China recently can not understand what they want and what their goals are. In such a large country and with such a huge amount of people completely to prohibit the crypto currency after a significant part of the population learned its advantages and became very interested in it, it is almost impossible. People vseravno will seek and find ways to bypass prohibitions, because they can not prohibit the Internet. At the same time, the Chinese government does not offer any solutions to its issue, even for some reason they are not in a hurry to create their own regulated crypto currency. In my opinion, such a position is obviously losing, as China loses its possible profit.

[Aikidoka]

China can make as many decisions as they want about not accepting bitcoin. It is now a fact that China is scared of it and considers it to be a threat. However, I might say that the use of "currently" means that they still are hesitated or maybe they are giving false hopes to people. These decisions clearly will affect the growth, but the latter will regain its feet in a matter of time.