TechFlow News — Wang Yongli, former vice president of Bank of China and chief economist at Shenzhen New Chain Group, pointed out in an interview with The Paper that some countries without sovereign currencies lack a fundamental understanding of money. Adopting fully decentralized digital crypto-assets such as Bitcoin as legal tender will inevitably severely disrupt economic and social operations due to their extreme price volatility. With no means of macroeconomic control, such nations are essentially committing economic suicide. (The Paper)
Add to Favorites
Share to Social Media
