People's Bank: Digital currency needs dynamic supervision

In the area of ​​blockchain and digital currency, there is a phenomenon that is also somewhat interesting. On the one hand, we all carry out the concept of decentralization, hoping that various trading behaviors are unregulated. However, we hope to get approval. The introduction of relevant government measures and the emphasis on the blockchain have made us happy.

At 10 o'clock on the morning of March 9, the press conference of the 13th National People's Congress held a press conference at the multi-purpose hall of the Medina Center, inviting Governor of the People's Bank of China Zhou Xiaochuan, Vice President Yi Gang, Vice President, National Foreign Exchange The Director of the Authority, Pan Gongsheng, answered questions from reporters on issues related to "financial reform and development."

Zhou Xiaochuan answered some questions about the central bank's digital currency, blockchain and bitcoin on the spot. The original text has not been confirmed.

Zhou Xiaochuan, Governor of the People's Bank of China: Digital currency needs dynamic supervision

Zhou Xiaochuan mentioned in it that, conceptually, the central bank refers to the digital currency as digital currency electronic payment (DCEP), which is essentially the pursuit of convenience, speed and security. This digital currency can be based on blockchain technology or distributed ledger technology, or it can be based on existing electronic technologies. Digital currency has technical inevitability, but it is necessary to pay attention to overall financial stability, prevent risks, and protect consumers.

For the digital currency such as Bitcoin and the regulation of Aixio, Zhou Xiaochuan believes that supervision is dynamic, and there must be some certain regulatory policy in the future. Overall, it should depend on the degree of technical acceptance and local test results. Bitcoin and forked coins appear too fast, not prudent, and the rapid spread will have a negative impact. Inadvertent products can stop and the promising products are tested and certified.

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