People's Bank of China Governor, Zhou Xiaochuan. Source: Crypto Future CNBC "Lots of cryptocurrencies have seen explosive growth which can bring significant negative impact on consumers and retail investors. We have a tendency to do not like (cryptocurrency) product that create use of the huge opportunity for speculation that gives individuals the illusion of getting wealthy overnight" Excerpts from Zhou Xiaochuan interview on Friday, ninth March.
Crypto Future Reviews On a media look on Friday, ninth March, Governor of Folks's Bank of China, Zhou Xiaochuan criticized cryptocurrency comes that leveraged on the crypto-boom to money in and fuel market speculation. He also noted that development of the digital currency is 'technologically inevitable'
On a regional level, many Chinese cities have are driving blockchain initiatives to promote growth in their region.Crypto Future Reviews Hangzhou, renown for being the headquarters of Alibaba, have stated blockchain technology to be one among the town's high priorities in 2018. The native government in Chengdu city have additionally been proposed the building of an incubation center to foster the adoption of blockchain technology in the town's monetary services.
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