Zhou Xuedong bitcoin

1.

On March 10, the press center of the fifth session of the 12th National People's Congress held a press conference. Zhou Xiaochuan, President of the people's Bank of China, Yi Gang, vice president of the people's Bank of China, pan Gongsheng, vice president and director of the State Administration of foreign exchange, and fan Yifei, vice president of the people's Bank of China, were invited to answer questions from Chinese and foreign journalists on issues related to "financial reform and development."

it is worth noting that at the press conference, President Zhou Xiaochuan also talked about digital currency and blockchain. He said:

"the central bank thinks that the development of science and technology may cause great changes to the future payment business, and the central bank highly encourages the development of financial science and technology. Digital currency, blockchain and other technologies will have unpredictable effects. Problems in the development process need to be standardized

previously, Zhou Xiaochuan answered a series of questions about the digital currency to be issued by the central bank. According to the description of President Zhou Xiaochuan, the digital currency issued by the central bank should have these characteristics:

one is to provide convenience and security

The second is to balance the protection of privacy with the maintenance of social order and the fight against illegal and criminal acts, especially for money laundering, terrorism and other criminal acts

Thirdly, it should be concive to the effective operation and transmission of monetary policy

The fourth is to retain the control of currency sovereignty, digital currency is freely convertible, but also controllable convertible

at the same time, it is worth mentioning that ring the two sessions a few days ago, deputies to the National People's Congress frequently mentioned bitcoin and its underlying technology

On March 6, Zhou Xuedong, deputy to the National People's Congress and director of the business management department of the people's Bank of China, proposed that domestic bitcoin trading platforms should be included and not be banned, leaving a period of observation. However, in the short term, it is necessary to clarify the regulatory red line of bitcoin trading platforms and strictly supervise them

"in the long run, it is necessary to study and explore a long-term regulatory mechanism." Zhou Xuedong said that it is necessary to study the financial and commodity attributes of virtual currencies such as bitcoin, study the nature of bitcoin trading platform, explore the introction of national pilot policies for the management of bitcoin trading platform, and conct pilot licensing or filing for a few qualified trading platforms. At the same time, strengthen the regulatory cooperation mechanism, strengthen instry self-discipline, and build the integrity system of bitcoin exchange

On the afternoon of March 7, chairman of Shanghai Huiyin (Group) Co., Ltd. Wo Weidong said in his speech that bitcoin should be placed under the legal framework to promote its sound development. Wo Weidong said that the recent central bank's efforts to increase the supervision over the special currency trading platform have achieved many results, defined the nature of bitcoin, suppressed the bubble of the market, and also had a preliminary control over the risk of social capital. p> However, woweidong believes that while achieving the above results, relevant problems should also be observed“ At present, the trading volume of bitcoin in China has decreased significantly, and the trading volume of China's main trading platforms has fallen to less than 1% of the original. " In contrast, more than 90% of the global trading volume was in China before that. It is precisely because China has occupied the highland of trading volume before, so "there is no doubt that it has the global pricing power of bitcoin, and has enough voice and influence compared with the bitcoin and even the blockchain instry."

woweidong said that for new things like bitcoin and blockchain, world powers are actively exploring them, so they can't simply deny and abandon them. He suggested that bitcoin should be included in the regulation of Internet Finance and appropriate regulatory strategies should be formulated“ Appropriate regulatory strategies can control risks and at the same time truly encourage innovation, promote innovation and lead innovation. "

compared with gold and stock, the market value of bitcoin is very small, but the underlying application technology blockchain of bitcoin has attracted a lot of attention. Due to the official recognition of blockchain technology, markets around the world are studying the feasibility of blockchain technology and digital currency, and the people's Bank of China is also openly recruiting relevant talents and practicing digital currency. In this context, I believe that countries will treat the bitcoin instry with a more tolerant attitude