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#PBoC Digital Currency Director Says Blockchains Need Centralization...! by wilson76

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cryptocurrency · @wilson76 ·
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#PBoC Digital Currency Director Says Blockchains Need Centralization...!
### China’s digital currency director said that excessive decentralization is a fatal flaw that spells doom for Bitcoin, Ethereum, and many other public blockchains.

![PBOC-1-760x400.jpg](https://steemitimages.com/DQmWzGtsu9v6e88TGNvpvH2cSbVpqtXc3qYhfFuPGebC3R2/PBOC-1-760x400.jpg)
*Featured image from Shutterstock.*

Previously, PBoC vice governor Fan Yifei said that a central bank digital currency should have “controllable anonymity” so that the government could mitigate money laundering, terrorist financing, and other financial crimes...*[Click here to know the details story](https://www.ccn.com/pboc-digital-currency-director-says-blockchains-need-centralization/)*

## AUTHOR
*Josiah Wilmoth*

*Please visit my blog: @wilson76*
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