People’s Bank of China (PBC) Vice Chairman Pang Gongsheng Appointed Secretary CPC in the institution. Writes about it Financial Times.
According to the publication, the 59-year-old specialist can apply for the position of head of the NBK. In this case, he will replace the current leader Yi Gang.
Pan was trained under the program postdoctoral studies at Cambridge, and was also a senior fellow at Harvard. He has a background in commercial banking and is known for his skepticism about cryptocurrencies.
“If you sit by the river and watch, one day a corpse of bitcoin will float in front of you.” declared Pan in 2017, citing Western experts.
At the same time, he cited an article by French scientist Eric Pichet, in which the author compared digital gold to a bubble and called it “the embodiment of crazy speculation.”
In September 2021, the NBK, in a joint statement with nine government agencies, classified cryptocurrency transactions as illegal financial activities. In February 2022, China tightened criminal penalties for illegally raising funds in digital assets.
Against this background, the authorities of the Hong Kong Special Administrative Region in January 2023 announced their readiness to accept cryptocurrency companies from around the world. According to Bloomberg, the Chinese government is providing tacit support for the jurisdiction in its quest to become a cryptocurrency hub.
According to former BitMEX CEO Arthur Hayes, Beijing intends to return to the digital asset industry through Hong Kong.
However, in May, Shan Zhong, the head of China Pacific Insurance, said that mainland China had not changed its anti-crypto stance.
Recall that in June, the head of Binance, Changpeng Zhao, saw signs of a bull market due to a report on digital assets on Chinese television.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
People’s Bank of China (PBC) Vice Chairman Pang Gongsheng Appointed Secretary CPC in the institution. Writes about it Financial Times.
According to the publication, the 59-year-old specialist can apply for the position of head of the NBK. In this case, he will replace the current leader Yi Gang.
Pan was trained under the program postdoctoral studies at Cambridge, and was also a senior fellow at Harvard. He has a background in commercial banking and is known for his skepticism about cryptocurrencies.
“If you sit by the river and watch, one day a corpse of bitcoin will float in front of you.” declared Pan in 2017, citing Western experts.
At the same time, he cited an article by French scientist Eric Pichet, in which the author compared digital gold to a bubble and called it “the embodiment of crazy speculation.”
In September 2021, the NBK, in a joint statement with nine government agencies, classified cryptocurrency transactions as illegal financial activities. In February 2022, China tightened criminal penalties for illegally raising funds in digital assets.
Against this background, the authorities of the Hong Kong Special Administrative Region in January 2023 announced their readiness to accept cryptocurrency companies from around the world. According to Bloomberg, the Chinese government is providing tacit support for the jurisdiction in its quest to become a cryptocurrency hub.
According to former BitMEX CEO Arthur Hayes, Beijing intends to return to the digital asset industry through Hong Kong.
However, in May, Shan Zhong, the head of China Pacific Insurance, said that mainland China had not changed its anti-crypto stance.
Recall that in June, the head of Binance, Changpeng Zhao, saw signs of a bull market due to a report on digital assets on Chinese television.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!