Chinese Central Bank Goes Full Steam Ahead with its Own Cryptocurrency
Posted: Mon Feb 15, 2016 10:24 am
It seems thoughts about an official “ChinaCoin” are more substantial than some people have ever imagined. The Governor of the People’s Bank of China (PBOC) Zhou Xiaochuan gave a lengthy interview to Beijing-based media group Caixin recently, and following last month’s revelation that the PBOC wants its own cryptocurrency, the topic of the blockchain came up a lot.
Governor Xiaochuan said that “it is an irresistible trend that paper money will be replaced by new products and new technologies.” The PBOC recognizes that people want a cryptocurrency that offers anonymity, however: “From the central bank’s perspective, a digital currency should be designed ... (read more)