When it comes to Asia, there are several countries that are strongly against cryptocurrencies, while some are proceeding with utmost caution, which is a fair approach, considering that the field is tricky.
However, there may be some changes in the offing soon. China, one of the countries which is known for its harsh stance against cryptocurrencies, may be adopting a softer stance. The People’s Bank of China published that it is looking for experts in digital currencies on its website.
As per the paper, the bank is seeking two engineers at their Digital Money Institute with experience in blockchain and cryptography, security, and chip design. The bank wants the engineers to develop a secure big data platform and a chip processor that would allow crypto transactions, as per a report by news portal, Coin Telegraph. The report added that the engineers would be responsible for digital currency related software systems, security models, encryption technology s well as transaction terminal chip technology research and development.
The bank is also looking for experts in economic law and finance, “who will be responsible for legal research, the analysis of economic mechanisms, risk management, and policy research on “legal digital currency,” the news report added.
China was in the news when messaging app WeChat shut down accounts of media houses that report on cryptocurrencies and blockchain. Post that, Alipay, a payment system under Alibaba also followed suit, as previously reported by Crypto-News India.
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