Yao Qian,The Head Of The People’s Bank of China’s (PBoC) Digital Currency Research Institute asserted The Need Of A Government CryptoCurrency ,as an immediate measure to help bring stability to its fiat currency.
Elaborating ,at an International Telecommunication Union meeting, this week,He said “cryptocurrencies such as bitcoin lack value because they are not anchored to either intrinsic value or a state-backed currency, a government-backed digital currency would provide even more pricing stability than conventional fiat currency.”as reported by regional news source Yicai.
So,The Decentralized Blockchain Technology, though appealing in security, transperancy, effectivity and low cost implementation , is yet to strike ,The Right Note, with ,The Safe Investors and Few Governments!!!
Neverthless,The World Awaits, The Arrival Of… The China Coin!!!