Jack Ma, the founder of Alibaba, is hoping for cryptocurrencies

Jack Ma, the founder of Alibaba, is hoping for cryptocurrencies

The richest man in China, the multimillionaire Jack Ma, founder of the Alibaba consortium, harshly criticised the financial regulations and the manner in which the international banking system works these days.

According to Ma, the prevailing obstacles suffocate financial innovation in the FinTech. Moreover, he feels that a new ecosystem should be established in finances, that doesn’t contemplate, like what is currently happening, a strong dependence on the big banks.

For Ma, the best path is to bet on cryptocurrencies, which, he warns, will have a key role in building this new financial ecosystem in the upcoming decades.

China, according to Ma, will have to separate from the global financial guidelines and elaborate its own strategy in this sector. Ma’s words come at a time when China is testing its own cryptocurrency, the digital Yuan, controlled by the Asian country’s central bank. Chinese authorities have already carried out several real experiments, including transactions between people.

Risk warnings
The views and opinions expressed are the views of Crypto Currency 10 and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All material(s) have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
Changes in rates of exchange may have an adverse effect on the value, price or income of an investment.
Past performance is no guarantee of future results and the value of such investments and their strategies may fall as well as rise.

Luna_en_240x600

Cryptocurrency10.com
Avenida Samuel Lewis, Torre Omega, suite 5D.
Panama.

General: [email protected]
Customers: [email protected]
Support: [email protected]

Phones
Italy: +39 (06) 99335786
Spain: +34 (93) 1845787
Panama: +507 8327893
Panama: +507 8339512
United States: +1 (305) 3402627

Urgency:
+507 8339512

Customer service from
02:00 - 06:00 (Spanish, english and italian)
08:00 - 17:00 (Spanish, english and italian)