Sheng Songcheng of the People’s Bank of China’s PBOC financial survey and statistics division has had an opinion piece published this week on the topic of virtual currency titled “Virtual currency is essentially not money” (translated).
“It is hard for the likes of Bitcoin to become a currency,” Sheng writes in the piece. “Bitcoin is merely a Utopia for technology supremacists and absolute liberalists.”
It’s a verbal blow, but the opinion has had little effect on anything bitcoin-related at the moment. The damage has already been done in China as of when the PBOC banned third-party payment processors from working with bitcoin exchanges. (via CoinDesk, via Global Times)