Alibaba’s Jack Ma praises the disruptive nature of digital currencies
Jack Ma, the now retired founder of Alibaba (NYSE 🙂 Group, recently spoke to a crowd of bankers and regulators at the Shanghai Bund Summit about the role digital currencies are likely to play in the future global financial system:
He said that the current financial system governed by the Basel Accords is too conservative and does not fit the growth of the Chinese economy:
Read on on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on information including data, quotes, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading on the financial markets, it is one of the riskiest forms of investment possible.