China Will Avoid Blockchain’s ‘Decentralizing Aspects’, Says Joe Lubin
Ethereum’s co-founder and CEO of ConsenSys Joe Lubin say that China’s forthcoming digital renminbi is unlikely to use blockchain. On Nov. 6 Lubin gave an interview for CNBC’s Squawk Box Asia where he argued that the Central bank of China has little to gain from the decentralized aspects of the technology. China’s central bank digital currency will reportedly be controlled by the PBoC and officials have said that they expect the asset to “have lots of positive impacts, includi