Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing
Cointelegraph By Andrey Shevchenko's original article for cointelegraph.com reduced by 78%
A 200-page manual titled "Digital Currency: A Reader for Cadres" entered its second printing in January. The high demand signals interest from China's government amid confusing regulations on cryptocurrencies. "It is actually a collection of published articles by officials and researchers on digital currencies.
The views expressed in the book are not new. I think it meant to be a one-stop shop sort of thing for officials to get their head around on the concept." Chinese Communist Party officials appear to be showing interest in digital currencies, given the launch of the second printing after just three months after its initial release. The manual was the first attempt to educate Chinese officials on the merits and pitfalls of distributed ledger technology, with the aim of fostering healthy growth.
It is unsurprising, given this view, that China pushed for creating a central bank-controlled digital currency in 2019. Retaining control over the blockchain ecosystem appears to be a recurring theme for Chinese officials.
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