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Yesterday, January 26, China Internet Finance Association provided a statement reminding on prevention of foreign ICO and virtual currency transactions. It as well addressed investors to consider the risks of offshore trading via the virtual currency platforms. Starting with the Davos World Economic politicians and economists worldwide have been discussing over bitcoin and blockchain.

In the context, Jia Kang, Dean of Huaxia New Supply Economics Institute raised his voice on the Chinese government saying that the nation is appearing to be harsh on virtual currency. In his view, it is impossible to ban bitcoin, and the blockchain platform must be taken seriously as it is an irreversible historical trend. He is the former director of the Institute of Fiscal Science at the Ministry of Finance and gave his statement to Fenghuang Wang Financial News yesterday.

Although the exchange is being prohibited by China, the Internal Unicom transactions via bitcoin still exist. Kang pointed out that bitcoin is not going anywhere given that it can be accessed via the internet. He called for the visionary organizations of the world to ‘quickly’ implement innovations on the blockchain technology ‘according to their own situation’ for future developments.

Furthermore, Kang discussed on sales of ‘same rights,’ and that it should be prioritized for rent and lease in the property market. According to him, it is vital for the renters to have equal access to public services as the same for the homeowners.

Are you into the bitcoin trading market? Drop your views in comments below based on your experience. Keep following us to get the next update on the development of the current global debate.

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