#PBoC Digital Currency Director Says Blockchains Need Centralization...!

wilson76(52)

Published in

#cryptocurrency

Words

74

Reading

1 min

Listen

Play

8y

China’s digital currency director said that excessive decentralization is a fatal flaw that spells doom for Bitcoin, Ethereum, and many other public blockchains.

Featured image from Shutterstock.

Previously, PBoC vice governor Fan Yifei said that a central bank digital currency should have “controllable anonymity” so that the government could mitigate money laundering, terrorist financing, and other financial crimes...Click here to know the details story