Messages from China show digital currency is taking off

China appears to be adopting crypto-currencies, but on its own terms. At last week’s annual Boao Forum for Asia, the new central bank governor, Yi Gang, indicated that while the People’s Bank of China is going to maintain a “tight supervision” over virtual currencies, it is also “exploring a better way for digital currency to play a more active role … in the real economy.”

Yi also used the event to reaffirm China’s commitment to be a global leader in blockchain innovation.