Li Lihui, Former Governor of Bank of China: Virtual currency has technical and economic defects

Recently, Li Lihui, the former president of the Bank of China and the current leader of the Blockchain Research Group of the China Internet Finance Association, made an internal exchange on the theme of “blockchain technology change and industrial innovation”. Li Lihui believes that virtual currency has technical and economic defects; in theory, the digital asset market may establish a fair and peer-to-peer direct transaction mechanism, thereby diluting or even canceling intermediaries; the widespread application of digital currencies may affect traditional financial institutions Causes disruptive impact.