China Will Move Slowly to Regulate Cryptocurrency: Central Bank Governor

While it does not recognize bitcoin as a payment tool, China recognizes that digital currency is inevitable and is in no hurry to regulate cryptocurrencies, according to Zhou Xiaochuan, governor of the country’s central bank, the People’s Bank of China (PBoC). The central bank official gave his views on digital currency during a press conference at the National People’s Congress 2018, according to 8btc, a Chinese industry news site. He said regulations will depend on regional trials and new technology. The central bank is researching digital currency, he said. Issuing digital currency does not depend on a technology application, he … Continue reading China Will Move Slowly to Regulate Cryptocurrency: Central Bank Governor