[2018-03-19]China Named Yi Gang, maybe a bitcoin favorer,to Run its Central Bank

[lylian]

March 19, Beijing –Yi Gang takes over the helm from Zhou Xiaochuan to run China’s central bank (People’s Bank of China), nominated this morning during the political season of Two Sessions. Upon the nomination, bitcoiners and blockchain entrepreneurs are getting a clue that this newly-nominated PBOC head may be a bitcoin favorer according to his early public statements.

Early in 2013, Yi Gang, served as No.2 to incumbent governor Zhou Xiaochuan, has publicly aired his opinion on bitcoin, saying bitcoin has distinctive features and it is enlightening, and he, personally, will stay focused on bitcoin for a long term. While from the central bank’s stance, bitcoin would not be admitted legal for the near term.

As for bitcoin trading, he regarded bitcoin trading as an Internet-based buying and selling, and thus ordinary people have the freedom to participate in bitcoin trading.

And for blockchain technology, according to a report in 2016 G20 Summit, ...

http://news.8btc.com/newly-nominated-pboc-governor-yi-gang-bitcoin-is-enlightening-and-will-focus-on-bitcoin-with-interest

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[Slow death]

humm... can he have a strong hand to press the politicians to leave some freedom for their citizens? at least the freedom of their citizens can buy bitcoin if they make kyc or follow all rules so that they do not get involved in money laundering? I sincerely have many doubts that something will change favorably for bitcoin. The problem of these Chinese is not with the possible money laundering, but with the possibility of each citizen being rich without them knowing, their citizens can have financial conditions and material conditions
to demolish their government. this is the real fear that the Chinese government has.