Jack Ma: "Digital currencies are the future of the financial system"

According to the founder of Alibaba, Digital currencies will help create a new global financial system. Jack Ma also criticized global banking regulation.

Chinese billionaire Jack Ma (Jack at) stated, that digital currencies can play an important role in the new global financial system. The founder of Alibaba’s largest technological company expressed his position at the Bund Summit event in Shanghai.

“Digital currency can create value, And we must think about, how to create a new type of financial system using digital currencies ", – Ma said.

However, not the end is clear, what exactly did me, Speaking of digital currencies. Binance CEO Changpeng Zhao (Changpeng Zhao) Wrote on Twitter, that it was "amazing speech", in which MA "talked a lot about cryptocurrency and the future". However, the co -founder of Ethereum Vitalik Buterin asked
Zhao, what exactly did in mind by "digital currencies". Zhao replied to this, that "the meaning can be interpreted differently".

maybe, Ma in his speech spoke of state cryptocurrencies, eg, digital yuan, which is located in the last stages of testing before the official launch. Recently manager of the People's Bank of China (NSC) And Gan (Yi Gang) stated, that the development of the national digital currency will become one of the main drivers of the transition of the PRC to the digital economy.

Ma also said during the performance, that global rules, In particular, Basel agreements - international recommendations for banking regulation - are already outdated. He added, that world regulation holds back the development of China and does not take into account the possibilities of youth or developing countries ".

Recall, that according to the study published in September
KISSPatent, Alibaba almost surpassed the American computer giant IBM and by the end of this year will be the largest owner of patents, associated with blockchain.

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