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Tuesday, November 07, 2017
Significances of accelerating the development of the "legal digital currency"
ANBOUND

On November 4, Yao Qian, director of the Institute of Digital Currency of the People's Bank of China, affirmed the four significance of accelerating the development of the "legal digital currency": The first is to help improving the digital economy; the second is to contribute to the digital economy's inclusive sharing; the third is to help macroeconomic regulation and control of the digital economy; the fourth is contributing to the digital economy risk prevention. From the above standpoints, the key to the healthy development of digital currency is its legality; the digital currency without legal status will be excluded.

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