Bank of China ex-advisor phone calls Beijing to reassess crypto ban
The former official said that a permanent restriction on crypto could result in many missed possibilities for the official financial system, including those related to blockchain and tokenization. He also highlighted the significance of developing a proper governing structure for crypto, though confessing that it will not be an easy task. Echoing a common anti-crypto narrative, he likewise asserted that a significant share of Bitcoin deals is related to illegal transactions.Huang, now an economics professor at Peking College’s National School of Growth, likewise confessed that China’s main financial institution digital money(CBDC)has actually failed to get to vast adoption despite being introduced many years earlier.