Yi Gang, the newly elected governor of the People’s Bank of China (PBOC), expressed a positive attitude about the currency, including bitcoins. 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 governor referred to bitcoin as “the currency that gives everyone the freedom to participate”.
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 bitcoin as an “adrenalin” adjective and said bitcoin was a topic of great public interest for a long time” 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 conventional one. Many institutions and experts are paying attention to this phenomenon. Tommy Xie, a Chinese economist at OCBC Bank in Singapore, described Lee as “a leader in 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.