A surprising move given by China’s central bank may be further validation the bitcoin is here to stay.
China’s central bank addressed Bitcoin in a press conference headed by the chief of its financial survey and statistics department. Sheng Song Cheng transmitted the official stance given by the Chinese authorities: “we don’t want to suppress or discriminate against Bitcoin, we are simply saying it is not a currency”.
The decision revealed during the conference held this Wednesday (15) is being welcomed by the Bitcoin community as a positive development in China’s apparent war against digital money. The meeting was focused on the country’s 2013 financial statistics, but Bitcoin popped up as the journalists started asking questions about it.
“We took a look at Bitcoin and it doesn’t have the characteristics of a currency. As far as I know, the vast majority of countries does not recognize Bitcoin as a currency”, Sheng Song Cheng answered.
Before confirming cryptocurrency’s status in China as a “virtual good”, he also added that the “People’s Bank and the relevant departments will continue to focus on Bitcoin and its associated risks, strengthen the monitoring and analysis and guide the public to establish a correct concept of money and investment philosophy”.
00080286e07514406df734 China’s central bank addressed Bitcoin in a press conference headed by the chief of its financial survey and statistics department. Sheng Song Cheng transmitted the official stance given by the Chinese authorities: “we don’t want to suppress or discriminate against Bitcoin , we are simply saying it is […]
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