The cryptocurrency will be the indisputable choice of the future's digital financial systems that any wise authorities should see. The question remains to be answered by governments and central banks around the world is how they want to sort out the tension between their fiat and cryptocurrencies. So far no one has succeeded on this. But regardless of what they decide, they will by no means allow corporations like Facebook to get the coinage rights. Never.

There is indeed a small research group, more like an internal think tank, inside the People's Bank of China. What that group says indicates only what they think, not what the entire the People's Bank of China think. But allowing that small research group to say things regugarly publicly does suggest PBOC's favorable stance upon this China-crypto.

A national cryptocurrency is a big deal that PBOC will by no means decide for themselves. They would need support from Ministry of Industry and Information Technology, National Development and Reform Commission, and Ministry of Finance, as well as no-objection stance from Ministry of Finance, and Ministry of Commerce.

Decision of this latitude is also likely to be brought to Politburo for discussion.

So don't get too excited about what a small research think tank in PBOC says.

Disclaimer: Beijing-based crypto futures exchange here.