PBoC: Cryptocurrencies Won’t Disrupt the Traditional Money System

Why am I not surprised?

I once almost burst out laughing while drinking when the deputy head of the research unit of the PBOC said on stage (with a straight face:

“Do you know why Japan adopts such an open and embracing approach to bitcoin?”
“The answer is obvious…” he continued.
And I waited withholding my breath, anticipating something I don’t already know.

“Because the creator of Bitcoin Satoshi Nakamoto is a Japanese!” He exclaimed.

PBoC: Cryptocurrencies Won’t Disrupt the Traditional Money System

China’s central bank has yet again reiterated that it is not impressed with cryptocurrencies.

The People’s Bank of China (PBoC) has yet again reiterated that it is not impressed with cryptocurrencies, highlighting its belief that fiat currencies are more superior than……

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