Alibaba founder: ‘Digital currencies’ are the future

Chinese billionaire Jack Ma said on Saturday that digital currencies could play a role in a new global financial system – and attacked global regulation.

The founder of China’s largest e-commerce company Alibaba made his comments during a speech at the Bund summit in Shanghai, Bloomberg reported on Sunday.


“The

digital currency could create value, and we need to think about how to create a new type of financial system through digital currencies ,” Ma said.
But it is unclear what the entrepreneur – whose fortune is estimated at 61 billion dollars, according to estimates of Bloomberg – is meant by ” digital currency .”

As we can expect crypto community quickly speculate about what Ma talked about digital currencies.

Chief CEO Binance Chanpen ” CZ ” Zhao wrote on Twitter, it was ” amazing speech “, in which Ma ” says a lot about kriptovalutite and the future .”

But co-founder Ethereum Vitalik Buterin quickly asked Zhao exactly what Ma meant by ” digital currencies ”.

Zhao replied ,that “it is a matter of interpretation . “