Beijing has accumulated dozens of blockchain patents. Crypto fans won’t like what comes next.
When Satoshi Nakamoto introduced Bitcoin to the world in 2008, he or she or they (the mystery endures) pitched it as a way to end the power of central authorities in finance. Ten years on, the Chinese government is adapting the ideas behind Bitcoin to do the exact opposite.
The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system. It would enhance the PBOC’s ability to root out risks and crack down on money laundering. It could also give the government an unprecedented window into individuals’ private lives.
Diese Geschichte stammt aus der December 17, 2018-Ausgabe von Bloomberg Businessweek.
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Diese Geschichte stammt aus der December 17, 2018-Ausgabe von Bloomberg Businessweek.
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