NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

“Private Digital Money Can Coexist with Government Money”

Yashu Gola
Yashu Gola
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Wu Xiaoling, former deputy director of the People’s Bank of China (PBOC), recently came out in support of Bitcoin and likewise cryptocurrencies, saying that they all can coexist with government money.

“Coexistence of private money and government money will be a normal part of our world,” says the translated version of her quote. “A new value transfer network based on open-source, distributed information technology will reduce costs and increase efficiency; it is worthy of exploration and development.”

By far, Xiaoling is the highest-ranking government official in China that has openly supported Bitcoin, and the idea of its integration into the real-world economies. She is a current member of the National People’s Congress Standing Committee. Meanwhile, she is also designated as the dean of Tsinghua University Wudakou Finance College.

PBOC’s take on the cryptocurrency businesses however hasn’t been much optimistic. The Chinese regulators previously have put enough obstructions on the Bitcoin’s road-to-success. At first, their declaration of Bitcoin as a non-currency slowed down the coin’s growth in China. This move was followed by yet another law that forbade financial institutions to setup any kind of professional links with cryptocurrency-based businesses.

Still, the country hosts some of the biggest mining equipment manufacturers and mining operators that add up to the overall cryptocurrency system. “China needs to be part of the global Bitcoin story if the virtual currency is to be successful in the long term, but it remains to be seen if and when that happens,” Canadian financial expert Zennon Kapron once quoted.

While the comments given by Xu Xiaoling cannot cut the ice all alone, they still reflect the gradually changing attitude of the Chinese government towards Bitcoin and cryptocurrency technology. Hope for the best!

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Comments 1

  1. Jabber0ne says:
    11 years ago

    The future is hybrid crypto-fiat financial structures. Bitcoin and Blockchain will be the worldwide crypto. National Govt’s will adopt a Sidechain financial structures, that will allow banks to work with fiat and crypto at local, regional and national levels along with being an on/off ramp to the worldwide Blockchain.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Jabber0ne says:
    11 years ago

    The future is hybrid crypto-fiat financial structures. Bitcoin and Blockchain will be the worldwide crypto. National Govt’s will adopt a Sidechain financial structures, that will allow banks to work with fiat and crypto at local, regional and national levels along with being an on/off ramp to the worldwide Blockchain.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why

Bitcoin’s price action has shown intense strength in recent days to finally bounce fully from the weakness in late June....

Scott Matherson 3 hours ago
Bitcoin

Bitcoin Breakout Not Just Hype—$4.4B Inflows Back The Move

Bitcoin has set a new all-time high (ATH) above $112,000, and if on-chain data is to go by, there is...

Keshav Verma 4 hours ago
Bitcoin

The Hidden Clue In Bitcoin Hourly Close: A Breakout Brewing?

Bitcoin’s latest hourly close may be offering more than meets the eye. With the 25- and 50-hour SMAs holding firm...

Godspower Owie 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Rockets to Record High

Bitcoin Price Rockets to Record High — Bulls Celebrate Milestone

Aayush Jindal 24 minutes ago

Elon Musk引發PNUT在24小時價量俱升 7月不要錯過另一個暴增1000倍新幣ICO

Kelvin Lee 1 hour ago
bitcoin

Bitcoin Uptrend Intact, But Binance Activity Warns Of Short-Term Pullback

Ash Tiwari 2 hours ago

Premium Sponsors

Press Releases

  • Cicada Finance Kicks Off TGE, Unleashing Real Yield Assets...

    10 hours ago
  • BTCminer cloud mining

    The global economy is in a downturn, and BTCminer cloud...

    10 hours ago
  • ビットコインが過去最高の11万2,000ドル達成──15万ドル予測も浮上、今注目の仮想通貨プレセールとは?

    ...

    10 hours ago
  • ビットコインが過去最高値を更新──新興L2プロジェクトが200万ドル調達、今注目の仮想通貨おすすめは?

    ...

    11 hours ago
  • 新しい仮想通貨が220万ドル超を調達──カルダノは手数料無料機能を正式導入

    ...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.