Both digital currencies and digital assets must serve entities. According to an Associated Press report on April 18, Zhou Xiaochuan, former governor of the People's Bank of China, said when talking about Bitcoin that both digital currencies and digital assets must serve entities. What are the benefits of digital assets to the real economy? Now everyone is cautious about this issue. "We experienced the global financial crisis in 2008 and found that finance has been separated from entities, such as shadow banking and derivatives, and has become pure speculative transactions among financial institutions. Without contact with entities, it is easy for problems to arise, and even problem." "When the leaders and traders of some major international banks cannot understand it, it is difficult to implement internal controls." Zhou Xiaochuan said that it is necessary to distinguish between digital currencies and digital assets. For digital assets like Bitcoin, it is not necessary to draw conclusions yet, but "warning, be careful," in China, financial innovation must clearly state its benefits to the real economy. ”">
21-04-18 23:13
Zhou Xiaochuan talks about Bitcoin: Both digital currencies and digital assets must serve entities. According to a report from the Financial Associated Press on April 18, Zhou Xiaochuan, former governor of the People's Bank of China, said when talking about Bitcoin that both digital currencies and digital assets must serve entities. Serves the entity. What are the benefits of digital assets to the real economy? Now everyone is cautious about this issue. "We experienced the global financial crisis in 2008 and found that finance has been separated from entities, such as shadow banking and derivatives, and has become pure speculative transactions among financial institutions. Without contact with entities, it is easy for problems to arise, and even problem." "When the leaders and traders of some major international banks cannot understand it, it is difficult to implement internal controls." Zhou Xiaochuan said that it is necessary to distinguish between digital currencies and digital assets. For digital assets like Bitcoin, there is no need to draw conclusions yet, but "we must be reminded to be cautious," and in China, financial innovation must clearly state its benefits to the real economy.
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