The former vice president of the People’s Bank of China (OTC:), or PBoC, Wu Xiaoling, praised what she calls a “commercial success” for (BTC) on June 5. These kind words come despite a number of vital weaknesses left to address.
According to local Chinese outlet, Sina (NASDAQ:), Wu stated in the preface of the book — “Talking to Top Cadres about Digital Currencies” — that the cryptocurrency is the most successful commercial application of blockchain so far.
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