http://www.bloomberg.com/view/articles/2016-09-01/on-digital-currencies-central-banks-should-lead
They're spelling it out now in non-ambiguous terms that digital currency is just going to be gateway for things like a ban on cash, increased Keynesianism, NIRP, more taxation, etc. In other words, no matter how it starts out, and might be beneficial in the near term, in the end game you will always be receiving a net loss. Even with things like Monero, they will just force you to use a fixed address alias system for transactions to bypass the Monero mixer, otherwise you'll be considered a money launderer. There is really no such thing as "fungible" digital currency as long as governments exist.
Disagree.
That article exemplifies to me how little the PBOC understands about this phenomenon. It shows they are far behind and are likely to get their butts kicked by crypto-currency and blockchains.
They can't take the lead and control, because it is a global phenomenon and they only control their own nation, and with VPNs, Tor, etc, they don't even control their own nation.
Providing a stable value and control over the money supply are not the point of crypto-currencies and blockchains. They entirely don't understand the phenomenon. I told you all upthread that the store-of-value function is not the killer app.
We are only waiting on the blockchain which onboards the masses with popular activities.
It will be very difficult to ban a popular activity which is deemed by the mainstream to be harmless and advancing technology, and to enforce taxation+KYC on zillions of microtransactions.
Edit: I continue to maintain my belief that Bitcoin was primarily driven by tinfoil hats and thus Bitcoin is not the killer app of blockchains:
https://steemit.com/bitcoin/@michaelmatthews/how-i-got-into-bitcoin