儲備銀行行長 Lesetja Kganyago 質疑將比特幣納入政府戰略儲備的理由

坎亞戈週二在瑞士達沃斯舉行的世界經濟論壇上發表講話時警告說，各國政府應小心避免“遊說者”的影響，這些“遊說者”“對某種產品有特殊興趣”，希望將其強加於社會。

Reserve Bank governor Lesetja Kganyago has questioned the rationale of including bitcoin in government’s strategic reserves in the same way it might hold gold and other assets.

儲備銀行行長 Lesetja Kganyago 質疑將比特幣納入政府戰略儲備的合理性，就像它可能持有黃金和其他資產一樣。

Speaking at the World Economic Forum in Davos, Switzerland on Tuesday, Kganyago warned that governments should be careful to avoid the influence of “lobbyists” who have “a particular interest in a particular product” wanting to impose it on societies.

坎亞戈週二在瑞士達沃斯舉行的世界經濟論壇上發表講話時警告說，各國政府應小心避免“遊說者”的影響，這些“遊說者”“對某種產品有特殊興趣”，希望將其強加於社會。

“I would have a significant problem with a lobby that says governments should hold this or that asset without consideration for what the strategic intent of government is. There is a history to gold, but if we now say bitcoin, then what about platinum or coal? Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why bitcoin?”

「如果遊說團體認為政府應該持有這種或那種資產，而不考慮政府的戰略意圖，我會遇到一個重大問題。黃金有其歷史，但如果我們現在說比特幣，那麼鉑金或煤炭又如何呢？為什麼我們不持有戰略牛肉儲備、羊肉儲備或蘋果儲備？為什麼選擇比特幣？

Well-known South African technology entrepreneur Stafford Masie, an strong advocate of bitcoin, is one of those who has been lobbying government to adopt a strategic bitcoin reserve.

南非著名科技企業家斯塔福德馬西 (Stafford Masie) 是比特幣的堅定擁護者，也是一直遊說政府採用比特幣戰略儲備的人之一。

Although Masie couldn’t immediately be reached for comment on Wednesday, he responded to Kganyago’s remarks on X, saying: “We’re still early and we have work do.”

儘管週三無法立即聯繫到 Masie 發表評論，但他對 Kganyago 在 X 上的言論做出了回應，稱：“我們還早，我們還有工作要做。”

Then, reposting controversial MK politician Mzwanele Manyi (who plans to speak at a bitcoin conference next month and who said he has a “fundamentally different view” to Kganyago), Masie said (edited for clarity): “What was said in Davos [by Kganyago] was not representative of South Africa or what is actually happening among political and private sector leaders here. I wish more could be disclosed but rest assured we bitcoin maximalists are apolitically, quietly and steadily orange-pilling.”

然後，Masie 轉發了有爭議的MK 政治家Mzwanele Manyi（他計劃在下個月的比特幣會議上發言，並表示他與Kganyago 有著「根本不同的觀點」），他說（為了清晰起見進行了編輯） ：「達沃斯會議上所說的內容（由Kganyago] 並不代表南非，也不代表這裡的政治和私營部門領導人實際發生的情況。我希望能披露更多信息，但請放心，我們比特幣極端主義者是不問政治的，默默地、穩步地進行橙色丸。

“Orange-pilling” is a slang term that refers to someone’s strong support of bitcoin or their alignment with bitcoin’s philosophies.

「Orange-pilling」是一個俚語，指某人對比特幣的強烈支持或與比特幣哲學的一致。

‘Strategic reserve asset’

“策略儲備資產”

Kganyago's comments in Davos comes as the US President Donald Trump – who has promised he will be the “crypto president” – has voiced his support for bitcoin to be made a “strategic reserve asset” in the US.

Kganyago 在達沃斯發表上述言論之際，美國總統川普 — — 他承諾自己將成為「加密貨幣總統」 — — 表示支持比特幣成為美國的「戰略儲備資產」。

Strategic reserves are stockpiles of assets that help governments prepare for unexpected disruptions or emergencies like natural disasters, conflict and economic crises.

戰略儲備是幫助政府為自然災害、衝突和經濟危機等意外破壞或緊急情況做好準備的資產儲備。

Brian Armstrong, CEO of cryptocurrency platform Coinbase and a speaker on the WEF panel with Kganyago, rebutted the Reserve Bank governor’s comments, arguing that bitcoin is an even better form of money than gold because it has been proven to be scarce – just like gold – but is also more portable and divisible.

加密貨幣平台Coinbase 執行長、世界經濟論壇Kganyago 小組發言人布萊恩·阿姆斯特朗(Brian Armstrong) 反駁了儲備銀行行長的言論，認為比特幣是比黃金更好的貨幣形式，因為它已被證明是稀缺的——就像黃金一樣——但也更便攜和可分割。

“[Bitcoin] has higher utility and has been the best-performing asset of the last 10 years. So, for a store of value, it is going to be important for governments to hold this over time. It may start out only as 1% of their reserves, but over time it will come to be equal to or greater than their gold reserves,” said Armstrong.

「[比特幣]具有更高的效用，是過去 10 年表現最好的資產。因此，對於一種價值儲存手段來說，政府隨著時間的推移持有它是很重要的。一開始可能只佔他們儲備的 1%，但隨著時間的推移，它將等於或大於他們的黃金儲備，」阿姆斯壯說。

Read: Crypto traders should not fear Sars disclosures: Luno

閱讀：加密貨幣交易者不應擔心非典揭露：Luno

Kganyago's stance on bitcoin in part reflects the state of affairs between South African regulators and the emergent technology. Crypto assets are defined as a financial product by the Financial Advisory and Intermediary Services Act (Fais). There is no single piece of comprehensive legislation on cryptocurrencies in South Africa. And although they may be traded freely, cryptocurrencies do not hold any formal status as fiat currency either – although this may soon change.

Kganyago 對比特幣的立場在一定程度上反映了南非監管機構與新興技術之間的狀況。 《金融諮詢和中介服務法》（Fais）將加密資產定義為一種金融產品。南非沒有關於加密貨幣的單一全面立法。儘管加密貨幣可以自由交易，但它也不具有法定貨幣的任何正式地位——儘管這種情況可能很快就會改變。

Speaking to the TechCentral Show last month, Reserve Bank head of the National Payments System Tim Masela said the Bank is experimenting with different ways in which digital currencies can be used by government and the country at large, including the introduction of a central bank digital currency (CDBC). Masela provided examples of some of the ways cryptocurrencies could be used by government. He also emphasised that the Reserve Bank tends to want to prove the value of new technologies before deploying them.

儲備銀行國家支付系統負責人 Tim Masela上個月在 TechCentral Show 上發表講話時表示，儲備銀行正在嘗試政府和整個國家使用數位貨幣的不同方式，包括引入央行數位貨幣（ CDBC）。馬塞拉提供了政府使用加密貨幣的一些方式的例子。他也強調，儲備銀行往往希望在部署新技術之前證明其價值。

“People talk about something called the programmability of money, meaning you can programme money to work within certain parameters. If we issued a CBDC and used it to assist poor people, then we could program that money so that it can only buy bread and milk but not booze, for example,” said Masela. “We have a team focused on further research.”  — © 2025 NewsCentral Media

「人們談論的是貨幣的可編程性，這意味著你可以對貨幣進行編程，使其在某些參數內運作。例如，如果我們發行 CBDC 並用它來幫助窮人，那麼我們可以對這筆錢進行編程，使其只能購買麵包和牛奶，而不能購買酒。 “我們有一個專注於進一步研究的團隊。” — © 2025 新聞中央媒體