Today's (10/29/2019) Daily Download of the MIT Technology Review reported:
"On Thursday, China’s president, Xi Jinping, called on the nation to “seize the opportunity” and take a “leading position” in the development of blockchain technology. On Saturday, the government passed a law to address regulatory and legal issues related to cryptography, an essential aspect of blockchain systems. Then, on Monday ... the People’s Bank of China’s technology department, urged commercial banks to step up their application of blockchains to finance"
One can resist the invasion of armies, but an idea (digital money), whose time has come, cannot be resisted (Victor Hugo paraphrased)! A Clarion call to Western countries to adopt quickly! China is already more advanced and the Chinese people more accepting of and using digital payments via e.g. smartphone or WeChat app!
The often parochial and anachronistic resistance of many citizens in Western countries to giving up cash money is largely irrational and unwarranted! Urgent reforms of monetary policy and regulation regarding digital money in Western democracies are needed!
Russian hackers are targeting the 2020 Olympics
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