A deputy director of People's Bank of China says bitcoin is a kind of nongovernm

[analau]

He says:”Now, the currency is fiat currency, sovereign currency. Is bitcoin a kind of currency? Yes, it is, but it’s not a fiat currency, it is a kind of electronic commodity currency, it’s a kind of currency embraced by economist Hayek, it has features like gold payment, etc..

Link: http://www.bit-sky.com/index.php/english/663-nongovernmental-currency
Since China is influencing the price so much, I thought I'd post this, Sorry if it is in the wrong section

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[Beliathon]

So some old Chinese guy is saying something everyone here already knows? Cool, but why should we care?

What's the significance of him saying it?

[innocent93]

is there any country define bitcoin as a goverment currency ?
obviously not

[analau]

I don't know, that maybe they are not going to ban it?
That was the point of the post

Since there are rumors and speculation regarding closing of Chinese exchanges and post about bitcoin ban in China, I thought this could be an indicator that this won't happen

[analau]

So some old Chinese guy is saying something everyone here already knows? Cool, but why should we care?

What's the significance of him saying it?

that he is director of People's Bank of China