Bitcoin Critic Appointed as Party Secretary of China’s Central Bank, Eyed for Next Governor

A party operating in China has reported the appointment of a Bitcoin (BTC) critic as the party secretary of the central bank, lining him up to be the next governor. Cryptocurrency Statements According to a new report by the Wall Street Journal, Chinese leaders have appointed Pan Gongsheng, the Deputy Governor of the Central Bank, as the party secretary of the People’s Bank of China (PBOC), the party’s highest office. Pan Gongsheng joined the PBOC in 2012 and became China’s forex regulator in 2015. The report suggests that Pan will likely be appointed as the bank’s governor after his promotion. Pan stated: He is responsible for a group called the Internet Financial Risk Improvement Leadership Group, which restricts the use of cryptocurrency and regulates fintech companies in China. Pan has previously made critical comments about Bitcoin. During an event in 2017, Pan was quoted saying, “If you sit by the […] The post Bitcoin Critic Appointed as Party Secretary of China’s Central Bank, Eyed for Next Governor appeared first on COINTURK NEWS.