China's Central Bank Shakes Up Leadership with Anti-Bitcoin Governor and Harvard-Trained Economist
TL;DR Summary
The Communist Party of China has reportedly appointed Pan Gongsheng, a Bitcoin skeptic and deputy governor of the People's Bank of China (PBOC), as the PBOC party secretary, putting him in line to become the next governor. Pan is known for his critical comments on Bitcoin and is currently in charge of regulating financial technology companies and clamping down on cryptocurrency use in China. His appointment comes at a critical time for China's economy, which is facing challenges such as slowing growth, high debt levels, and an aging population.
- Central Bank of China Appoints Anti-Bitcoin Governor As Top Communist Party Official: Report The Daily Hodl
- China is lining up a Harvard-trained economist as its next central bank chief CNN
- China Names Pan Gongsheng as Party Head of Central Bank Bloomberg Television
- Bitcoin's Worst Nightmare? Crypto Skeptic Pan Gongsheng To Lead China's Central Bank Benzinga
- As yuan slips to 7-month low, market waits for China central bank’s next move South China Morning Post
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