Bank of China President: The central bank cannot imitate the bitcoin mining model to form a legal digital currency

On November 23, Wang Yongli, former deputy governor of the Bank of China, delivered an opening speech entitled “Rational View on Effective Use of Blockchains” at the Blockchain+Solid Economy Forum, proposing that blockchain development should jump out of the “bitcoin blockchain”. Paradigm." He also expressed three "can't" in his speech: Bitcoin can't be a real currency, and it can't solve the real problem. The central bank can't imitate the bitcoin mining and coinage mode to form a "legal digital currency."