China: PBoC Head Says Digital Currency ‘Inevitable’, Bitcoin ‘Not Accepted’ As Payment
"Despite not recognizing Bitcoin for payments, PBoC governor Zhou Xiaochuan said digital currency will “inevitably” grow. #NEWS"
Read more: cointelegraph.com
More news sources
PBoC Governor Blasts 'Explosive' Cryptocurrency Speculation
PBoC's governor Zhou Xiaochuan takes aim at cryptocurrency speculation in a press conference on Friday.
Read more: www.coindesk.com
PBoC Chief Won't Rule Out Distributed Ledger for New State Currency
PBoC chairman Zhou Xiaochuan said the central bank will one day have a digital currency, though several requirements must be met first.
Read more: www.coindesk.com
China Working on a Digital Currency Electronic Payment, DCEP
Zhou Xiaochuan, governor of China’s central bank, said they are working on a currency called DCEP, DC for digital currency and EP for electronic payments. The focus of the currency is...
Read more: www.trustnodes.com
China’s New Digital Currency Is Called ‘DCEP’ – but What Is It?
China’s much-anticipated digital-only currency concept is tentatively called “DCEP” for “digital currency electronic payment”, said the People’s Bank of China governor Zhou Xiaochuan in a media briefing this morning (lo...
Read more: bitsonline.com
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They've been doing this for years lol jokers
Great article thanks for sharing
your post is good bagus.boleh kah I follow you. I am proud to be your followers
In other words: It's On.
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China is cooking fish again. Maybe tuna or salmon something. I wonder what will be the taste of it this time.
China's big concern is capital flight. They can't fully control crypto currencies and tokens and that's also one of the reasons they hate and have banned VPNs - to prevent people circumventing state control and censorship of net content and traffic. Digital currency is inevitable - that's been acknowledged for years - it's just that nobody knew how best it could be implemented without completely undermining fiat and the whole concept of the monetisation of debt. The advent of BTC, and to a wider degree the explosion of blockchain technologies, changed the rules of the game. The Chinese government is merely acknowledging that day is indeed not night and are merely making an acknowledgement of reality because at the end of the day they are supremely pragmatic - however the major caveat is that whatever digital currency they "impose" on their population will be strictly state regulated, governed and completely centralised in application. That's what they'll be working on - the best means of controlling any future state sponsored crypto currency....
Lol. On the one hand, you are trying to keep it out of the room. On the other hand, you are saying, what you are trying to keep out of the room soon fill the room.
The wise thing it to accept the inevitable.