Former Vice President of Bank of China: Countries lacking sovereign currencies are courting death by using cryptocurrencies as legal tender

According to BlockBeats, Wang Yongli, former vice president of the Bank of China and chief economist of Shenzhen Neptune Group, pointed out in an interview that some countries that lack sovereign currencies lack the most basic understanding of currency. Using completely decentralized digital encrypted assets such as Bitcoin as legal tender will seriously disrupt the operation of the economy and society due to its own price fluctuations. The country has no means of regulation and can only seek its own death. Previously, El Salvador officially announced that Bitcoin would be legal tender, and some people in South American countries are also paying attention to Bitcoin.