In a 2017 interview with CNBC, Alibaba founder Jack Ma discussed the potential impact of Bitcoin on international trade and financial regulations. Ma suggested that if Bitcoin's model proves successful, it could fundamentally alter existing legal frameworks governing global trade and finance. However, he noted that society was not yet prepared for such a dramatic shift. Ma emphasized that Alibaba's focus was not on cryptocurrencies but on promoting a cashless society through Alipay, aiming to create a more efficient, transparent, and corruption-free financial environment.
Jack Ma: Bitcoin's Success Could Transform Global Trade and Finance
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