Bitcoin Forum
January 21, 2018, 01:08:24 PM *
News: Electrum users must upgrade to 3.0.5 if they haven't already. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2013-11-22 NYTimes blog - Bitcoin Gets a Cautious Nod From China’s Central Bank  (Read 960 times)
Kikkerdril
Member
**
Offline Offline

Activity: 67


View Profile
November 22, 2013, 04:32:35 PM
 #1

http://sinosphere.blogs.nytimes.com/2013/11/22/bitcoin-gets-a-cautious-nod-from-chinas-central-bank/

Quote
Speaking at an economic forum on Wednesday, Yi Gang, the deputy governor of the People’s Bank of China and director of the State Administration of Foreign Exchange, said that it would be impossible for China’s central bank to recognize the Bitcoin as a legitimate financial instrument in the near future. But, Mr. Yi added, people are free to participate in the Bitcoin market and he would personally adopt a long-term perspective on the currency.
1516540104
Hero Member
*
Offline Offline

Posts: 1516540104

View Profile Personal Message (Offline)

Ignore
1516540104
Reply with quote  #2

1516540104
Report to moderator
1516540104
Hero Member
*
Offline Offline

Posts: 1516540104

View Profile Personal Message (Offline)

Ignore
1516540104
Reply with quote  #2

1516540104
Report to moderator
1516540104
Hero Member
*
Offline Offline

Posts: 1516540104

View Profile Personal Message (Offline)

Ignore
1516540104
Reply with quote  #2

1516540104
Report to moderator
There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
TraderTimm
Legendary
*
Offline Offline

Activity: 2072



View Profile
November 22, 2013, 08:17:47 PM
 #2

Just to be sure, I had a friend read this over who understands Chinese. He said that it seemed there was more than a cautious nod, more like the knowing acceptance that Bitcoin is going to be important for the future. Perhaps it is just the subtleties of language, I don't know. The best part is that the person commenting on bitcoin is highly placed at his Bank, which just speaks to the visibility of bitcoin in general.

I think there's more to the China story than meets the eye, and we've yet to hear all of it. Overall, really bullish long term.

fortitudinem multis - catenum regit omnia
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
November 22, 2013, 09:30:17 PM
 #3

Just to be sure, I had a friend read this over who understands Chinese. He said that it seemed there was more than a cautious nod, more like the knowing acceptance that Bitcoin is going to be important for the future. Perhaps it is just the subtleties of language, I don't know. The best part is that the person commenting on bitcoin is highly placed at his Bank, which just speaks to the visibility of bitcoin in general.

I think there's more to the China story than meets the eye, and we've yet to hear all of it. Overall, really bullish long term.


your native speaker friend could be right. there is always a loss in the language when you translate it.

i dont understand why this news has so less clicks. for me this press is very big and good news but of course i expect regulation in 1-2 years, when bitcoin is even bigger.

Kikkerdril
Member
**
Offline Offline

Activity: 67


View Profile
November 23, 2013, 05:19:20 PM
 #4

i dont understand why this news has so less clicks. for me this press is very big and good news

I agree, it got more attention on the Bitcoin subreddit.
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
November 23, 2013, 09:17:19 PM
 #5

i dont understand why this news has so less clicks. for me this press is very big and good news

I agree, it got more attention on the Bitcoin subreddit.

yep, and coindesk also has a story about it.

http://www.coindesk.com/people-free-use-bitcoin-exchanges-says-chinese-central-bank-official/

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!