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Chinese Economists Still Divided On The Future Of Crypto: Survey

Stefan by Stefan
04/02/2019
in Blockchain News
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The internet giant Tencent has conducted a survey which was proven to have some expected results which we are covering in our crypto news today that show the economists experts from China cannot agree on the future of crypto and blockchain.

The survey was sent to 100 chief economists from well-renowned banks, universities and financial institutions by the Tencent Financial Science and Technology department. All of the participants were asked the same question about the monetary policy of the Chinese government for 2019 and other factors such as the nature of the Chinese yuan and its future volatility.

The results show that the opinions are divided and according to Tencent, there are approximately six areas in particular where the participants disagree.

For example, slightly more than a half which is about 51 percent of the respondents would gladly support Bejing in the issuing of a central bank digital currency or a blockchain-based version of the national currency-the yuan.

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The other 40 percent said they are not going to support a government-backed digital currency. The economists are divided into three groups. 33 percent of them believe that blockchain technology is extremely important, 32 percent of the respondents remain neutral and 19 percent believe that blockchain is not important and should not be endorsed.

China’s central bank or the People’s Bank of China is still trying to find the right time to issue its own centralized digital currency since it has been considering the option for a longer period. The People’s Bank of China has also planned to hire few crypto professionals that have experience in blockchain,  security, and cryptography and to start working on their own digital currency.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Tags: ChinesecryptodividedEconomistsfeaturedFutureofonstillsurveythe
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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