Bitcoin Critic Pan Gongsheng Named Party Chief at People’s Bank of China

2023-7-4 19:00

China’s central bank – the People’s Bank of China (PBOC), has appointed Pan Gongsheng as the Communist Party chief. Gongsheng has been anti-Bitcoin in the past. Will his appointment kill the speculations about China lifting the crypto bank?

As Hong Kong grew crypto-friendly in 2023, there were speculations that mainland China would also eventually lift up its crypto ban.

Is Pan Gongsheng’s Appointment a Wake-Up Call?

According to Bloomberg, Gongsheng’s position might result in him becoming the next governor of PBOC. He is believed to have an anti-Bitcoin stance due to one of his statements from 2017. Addressing an event in 2017, Gongsheng said:

“If you sit by the river and watch, one day the corpse of Bitcoin will float in front of you,”

While Hong Kong is welcoming crypto with a mission to become a crypto hub, there are speculations that mainland China might lift its crypto ban. Even the industry experts like Cameron Winklevoss believe the next bull run will start in the east.

Also, Tron founder Justin Sun claimed that Chinese money would drive the new crypto bull market.

Learn more about Tron here.

But as the community recalls Gongsheng’s remarks, some believe his appointment should end the speculation about Beijing embracing crypto. Bloomberg journalist Rebecca wrote on Twitter:

“Pan Gongsheng’s ascension at China’s central bank is a wake-up for those speculating Beijing might be prepared to loosen its crypto trading ban.

Got something to say about Pan Gongsheng or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post Bitcoin Critic Pan Gongsheng Named Party Chief at People’s Bank of China appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Pantos (PAN) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.10 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0456948 (-100%)

china people bitcoin chief bank gongsheng pan

Èñòî÷íèê: beincrypto.com

china people → Ðåçóëüòàòîâ: 126


Ôîòî:

200 million Chinese resumes leak in huge database breach

Last night, HackenProof published a report stating that a database containing resumes of over 200 million job seekers in China was exposed last month. The leaked info included not just the name and working experience of people, but also their mobile phone number, email, marriage status, children, politics, height, weight, driver license, and literacy level as well.

2019-1-11 16:42


China Gets More Blockchain Censorship Powers Under New Rules

China’s crypto angst has shown no sign of abating as we enter a new year. Another raft of restrictive regulations has just been implemented for blockchain companies in the People’s Republic. Data Privacy Not Applicable in China The Cyberspace Administration of China (CAC) has just introduced more regulations for companies dealing with distributed ledger technology.

2019-1-11 12:00


New Apollo Mixer Crypto Tool Makes Coin Mixing Untraceable via Encrypted Transactions

In a moment in which privacy is more vulnerable than never before, Apollo Mixer can be a great ally for individuals searching to safeguard their data. Indeed, there are some countries such as China or Venezuela in which institutions know (almost) everything what people do, including with their money. Bitcoin (BTC) became an important tool […]

2019-1-6 03:19


People’s Bank of China (PBoC) Expresses Cash Concerns Citing Cryptocurrency’s Growing Presence

Local authorities in China are worried about the exponential growth that digital payments are experiencing in the country. In a recent report released by the FT, the People’s Bank of China (PBoC) is very concerned about the declining relevance of cash for processing payments in the Asian country. According to this report, there are several […]

2019-1-3 09:26


Governor of China’s central bank defines STOs as illegal financial activity in the country

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings)  were […]

2018-12-10 09:29


Deputy governor of China’s central bank defines STOs as illegal financial activity in the country

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, South China Morning Post reported on December 9. Pan Gongsheng, a deputy governor of China’s central bank, told a summit in Beijing “that ‘illegal’ financing activities through STOs and ICOs (Initial Coin Offerings)  were […]

2018-12-10 09:29


People’s Bank Of China (PBoC) Says Security Tokens (STO) Are An “Illegal Financial Activity In China”

China’s Central Bank, the People’s Bank of China, reported to the South China Morning Post its decision concerning security token offerings, noting that they are illegal in the country. The bank’s deputy governor Pan Gongsheng appeared at a summit in Beijing and there, he discussed the “illegal” financing activities that have been effectuate with STOs […]

2018-12-10 06:11


Ôîòî:

China’s Ping An Insurance Firm Partner With Sanya City Authorities to Build DLT-Powered Smart City

Ping An Insurance Group, a highly reputed China-based insurance corporation has joined forces with the Sanya municipal government to develop a “smart city” that would be powered by blockchain technology, artificial intelligence (AI) and other new technologies,” according to a local news source, People’s Daily on November 14, 2018.

2018-11-18 00:00


China’s PBoC Releases Advice to Govt to Strengthen Blockchain and Crypto Financing Supervision

The People’s Bank of China has held onto their anti-cryptocurrency stance for quite some time, and they do not seem to be backing down anytime soon. As reported by Reuters on November 6th, the PBOC has issued a warning to the government to strengthen their supervision of blockchain financing, based on the “bubbles” in the […]

2018-11-8 00:22


China has a new surveillance tool that identifies citizens by how they walk

Chinese authorities have begun deploying a new surveillance tool designed to identify people by how they walk, or the shapes of their body. Adding to the already staggering number of surveillance cameras — many of which use bleeding edge optics and facial recognition technologies — China is already using the tool on the streets in its two largest cities, Beijing and Shanghai.

2018-11-7 04:07


China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-7 22:04


Ôîòî:

China’s People Capital VC Firm Partner Xunlei to Launch DLT Laboratory

People Capital, the investment and venture capital arm of China’s leading newspaper, People’s Daily Online, has formed a strategic alliance with Xunlei Limited, a Chinese multinational technology company and online service provider, to develop a distributed ledger technology (DLT) laboratory to explore the groundbreaking technology in various scenarios, reported Business Wire on October 23, 2018.

2018-10-25 03:00


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru