March 9, 2018

The main Chinese banker Zhou Xiaochuan today a lot говорил about crypto-currencies.

The head of the People's Bank of China, Zhou Xiaochuan, said that China remains open to a crypto currency that is "effective and safe" and does not violate the country's financial system.

China – only for the Chinese crypt

Comments Zhou Xiaochuan commented Xiao Lei, a Chinese financial analyst who noted that in the future China will have even more regulation in the crypto currency market.

At the same time, Xiao Lei said: "It depends on how the market works and reacts. If they (crypto-currencies) can be used to contribute to the real economy, regulators will be happy to see this. "

Zhou Xiaochuan today also said that the NBK is developing a digital currency for electronic payments that will be based on existing Chinese banknotes and coins without changing the position of the central bank and commercial banks in the financial system.

According to the head of the NBK, the ideal digital currency in Beijing "must ensure uninterrupted monetary and financial stability and at the same time protect consumers … We do not want to create products for speculation … the illusion of getting rich at night is not good."

In addition, Zhou Xiaochuan noted that the national crypto currency will not be an asset, but will only be a means of payment, reports South China Morning Post.

Author: Evgenij Novožilov, Analyst Freedman Club Crypto News

Image from Fotolia

Source: Read Full Article