PBOC deputy governor says will improve 'regulatory oversight' of digital economy

PBOC deputy governor says will improve 'regulatory oversight' of digital economy

A People’s Bank of China Deputy Governor speaking at the Boao Forum:

  • The regulatory oversight quality over digital economy wil be improved
  • Digital currencies
    and new inventions of cryptocurrencies are not fixing issues in
    finance, can in fact create new issues
  • New technologies, especially new forms of finance, should not be blindly accepted and recognised

Sounds like more regulations incoming, no?

I don’t know which dep gov this is, the PBOC has a number of them.

  • The Boao Forum for Asia (BFA) holds an annual conference in Boao, a town in the southern province of Hainan, China.
  • The forum was established in 2001 and is modelled after the World Economic Forum held annually…
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