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Feb. 4, 2019

There is no consensus among chinese economists concerning the future of blockchain and cryptocurrencies — in accordance with a survey carried out by the Internet giant Tencent.

The study involved 100 chief economists from banks, research institutions and universities. Respondents were asked about a series of economic national issues — and also about the blockchain technology and “central digital currencies”.

Concerning blockchain, 33 percent of the surveyed economists shared their belief that the technology is highly important — while 19 percent did not show any enthusiasm.

And on the possibility of a central bank digital currency, around half (51 percent) would support a blockchain-based version of the yuan — while 40 percent would not.

Why is it relevant?

Just as other jurisdictions around the world, the People’s Bank of China, China’s central bank, has been exploring the possibility of issuing a central digital currency.

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