People 's Bank of China Sheng Songcheng: domestic virtual

>>3454721
>http://www.jinse.com/bitcoin/67177.html
>On the 4th of this month, the seven departments jointly issued a paper stating that the nature of the first tokens (ICO) financing was illegal open financing, requiring immediate cessation and simultaneous repatriation.

> Block chains, Bitcoin, ICO are often mentioned at the same time, but the three are not the same thing. The block chain is a kind of distributed accounting technology, which is widely used in many fields such as finance. As a kind of encryption digital currency, it is an application of block chain technology. ICO simply uses the new encryption number The way money is financed.

> Sun Guofeng, director of the central bank's financial research institute, said in an interview with the media that it is necessary and timely to stop ICO, but this does not prevent the relevant financial technology companies, industry agencies, technology companies to continue to study the block chain technology. Block chain itself is a good technology, not only through the ICO can be carried out block-chain technology research, but also through a variety of technology research, should not be the block chain and ICO draw, need to further expand the research and development of blocks Chain technology perspective.

Sheng Songcheng also said that despite the

>ICO was halted, virtual currency transactions to be standardized, but the block chain technology itself is still worth encouraging.

This just sounds like common sense to me, and unless this has been lost in translation is relatively positive towards bitcoins

good. less gooks is good in the long run.

>>3455722
It was pretty comfy to have hands in the pockets of the world's #2 economy.

>>3455722
not really, chinks will be richer than USA cucks soon enough when they start buying oil in gold backed yuan