The new President, the NSC became a supporter of bitcoin

For the first time in 15 years, was appointed the new President of the people’s Bank of China (PBOC). Judging by previous comments of the new head of the Central Bank And Ghana (Yi Gang), he has nothing against cryptocurrency. His attitude against bitcoin and other digital assets bodes well for the future of the industry in China.

On 19 March the national people’s Congress of China voted to approve the candidates proposed by the President XI Jinping for leadership of the NSC. The appointment was not a surprise, since Gan was the Deputy President of the Bank. Zhou Xiaochuan (Zhou Xiaochuan), who held the position previously held liberal views, and it is likely that Gan will continue the same policy.

Gan previously spoke positively about bitcoin, calling it «inspiring» and «informative» in one of his speeches in 2013. Speaking at the G20 summit in 2016, Gan also positively spoke about the technology of the blockchain. However, now that he holds the position of head of one of the largest Central banks in the world, maybe he will be more cautious to make a statement against the industry, since last autumn, regulators countries have restrictive policy towards cryptocurrency
and ICO.

Earlier this month, the now former President of the NBK Governor Zhou Xiaochuan said that China does not recognize the cryptocurrency as a means of payment, however, understands that their impact can not be avoided, so not going to rush to regulation. In the beginning of the month, the regulators of the country began
to fight the trade on foreign exchanges.

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