Ban Reversal Approaching? PBoC’s New Governor is “Inspired” by Bitcoin

[kreslik.news]

Chinese legislative body the National People’s Congress voted on Monday to confirm Yi Gang as the new governor of thePeople’s Bank of China. At the same time, Liu He, the president’s leading economic advisor, has been appointed to vice premier. Some believe that this will enable Gang to have greater influence on the formation of economic policies.

Gang’s publicly expressed support for cryptocurrencies and Bitcoin have made these new appointments of particular interest to crypto users. In late 2013, Gang said that although PBoC could not cryptocurrencies as legal tender anytime in the near future, he admired the ... (read more)