Topic: [2017-09-12]PBOC Official Encourages Blockchain Development Despite ICO Ban (Read 2855 times)
September 12, 2017, 06:15:46 PM
China have big source for bitcoin as most of the biggest mining pools are in there, they have cheap electricity and ASICs hardware manufacturers. If China government utilize cryptocurrency, they will lead and possess big portion of bitcoin, which make them easily to manipulate the price.
September 12, 2017, 03:52:58 AM
Beijing 12 September-Sun Guofeng, Director of the People’s Bank of China Institute of Finance, says that the ICO ban doesn’t prevent Fintech Company or technology companies to continue to explore blockchain technology. Financial technology is risky in its nature and regulation is necessary. China shall establish sustainable regulation technology mechanism to promote appropriate internalization of regulatory costs.
The report shows that the authority wish to preserve the exploration on blockchain while restricting illegal fundraising through ICO.
http://news.8btc.com/pboc-official-encourages-blockchain-development-despite-ico-ban
The report shows that the authority wish to preserve the exploration on blockchain while restricting illegal fundraising through ICO.
http://news.8btc.com/pboc-official-encourages-blockchain-development-despite-ico-ban
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