Newly Elected Govenor of People’s Bank of China Approves of Crypto

(Translated by Andrew at Bounty Base from original story posted in Tokenpost.Kr)

Yi Gang, the newly elected governor of the People’s Bank of China (PBOC), expressed a positive stance on the currency, including bit coins. It is interesting to note that the People’s Bank of China, which has shown a negative view of cryptography in the meantime, has changed its position on cryptography.

In an interview with the Chinese media on March 19 (local time), the Lee governor referred to the beat coin as “the currency that gives everyone the freedom to participate,” and he said that bit coin is a potential co- .

In contrast to what the People’s Bank of China’s Vanguankang said in December last year, “Bitcoin will soon disappear,” the governor of the river used the bitcoin as an “adrenalin” adjective, “He said.

The governor of Yichang took over the position of Zhou Xiaochuan, former governor of the People’s Bank of China, with the decision of the National People’s Congress.

The innovative and progressive attitude of the Lee governor represents the attitude of the Chinese economic organization, which is different from the previous one. Many organizations and experts are paying attention to this phenomenon. Tommy Xie, a Chinese economist at OCBC Bank in Singapore, described Lee as “the leader of economic reform in China.”

Given the willingness of economic reforms announced by the governor of Lijiang and the positive view of cryptography, the announcement of a new president of the People’s Bank of China is expected to lead to new regulations on cryptography in China.

However, the former Chinese People’s Bank of China Governor Zhou Xiaochuan said, “The development of electronic money is inevitably technically inevitable.” However, the Chinese banking system has not yet accepted the money as a means of payment.

Kwon Seung Won reporter jamie@tokenpost.kr

BountBase is a virtual currency marketer & content creator that connects coin development teams with the larger blockchain community. You can follow us on Twitter @BountyBase

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