There have been rumors about the Chinese government's goal to create its own cryptocurrency. More discussion came after the People's Bank of China revealed they now have over 41 patents filed over the past 12 months. These patents would push for China's Central Bank to have its own cryptocurrency and digital wallet. The transparency of… Continue reading Is China preparing for its own Currency?
(Source: People.com.cn) Today the Governor of the People's Bank of China, Mr. Zhou Xiaochuan, responded to questions from Chinese and foreign reporters about the issues related to “financial reform and development” at the press center of the First Session of the 13th National People's Congress, stating that the rapid expansion of Bitcoin and other bifurcation… Continue reading Chinese central bank governor warns on Bitcoin