Former president of Bank of China claims it’s impossible to kill bitcoin
L H Li, former president of state-owned Bank of China, the fifth largest bank in the world, claimed that it is now impossible to take down bitcoin, in an interview for China’s predominant state broadcaster, CCTV. According to a translated statement, L H Li said: “Bitcoin was built on a platform without national boundaries. If you want to kill bitcoin, it will be an impossible task. So, it will continue to exist. What’s important now is that we should properly regulate it.”. The statement is of enormous importance, taking into account the People’s Bank of China’s interference in the bitcoin space. It’s possible that bitcoin’s acceptance as one of the world’s major currencies may be imminent.
The European Union plans to increase support for blockchain technology
According to a recently published statement, the European Union wants to increase the support it gives to the development of blockchain technologies and projects, even beyond financial services applications, currently being explored by several financial institutions. Last Spring the European Parliament approved a task force, led by the European Commission, to study blockchain technology. The statement even includes the possibility of future collaboration in blockchain-related events: “The Commission will organise a kick-off conference with the European Parliament on Demystifying Blockchain and a series of workshops to look at Blockchain developments and use case applications.”
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