“Speaking at an economic forum on Wednesday, Yi Gang, the deputy governor of the People’s Bank of China and director of the State Administration of Foreign Exchange, said that it would be impossible for China’s central bank to recognize the Bitcoin as a legitimate financial instrument in the near future. But, Mr. Yi added, people are free to participate in the Bitcoin market and he would personally adopt a long-term perspective on the currency. The statement comes during a week of remarkable turbulence on China’s numerous Bitcoin exchanges.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 28 times, 1 visits today)
Related posts:
Victims of Police Beat-down Say Video Proves Brutality
'Monsanto Protection Act 2.0' Would Ban GMO-Labeling Laws At State Level
Race to Mine Bitcoin Gathers Steam
U. of California extends smoking ban to e-cigarettes, chewing tobacco
Why More Retailers Are Accepting Bitcoin
Woolwich murder: Younger brother of Michael Adebolajo 'was paid thousands to spy in Middle East'
Gold Lures Japan’s Pension Funds as Abe Targets Inflation
Web’s Reach Binds N.S.A. and Silicon Valley Leaders
Ecuador launches new digital currency after banning competitors
89% of Venetians vote to secede from Italy, form independent state
Russian Stocks Stagnate, but Moscow Exchange Shares Soar
The daily smart pill that can remember all your passwords
After the Manning verdict, four big issues remain untouched
China’s state-run TV broadcast of ‘V for Vendetta’ shocks viewers
Can Bitcoin replace PayPal?