储备银行行长 Lesetja Kganyago 质疑将比特币纳入政府战略储备的理由

坎亚戈周二在瑞士达沃斯举行的世界经济论坛上发表讲话时警告说，各国政府应小心避免“游说者”的影响，这些“游说者”“对某种产品有特殊兴趣”，希望将其强加于社会。

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.

储备银行行长 Lesetja Kganyago 质疑将比特币纳入政府战略储备的合理性，就像它可能持有黄金和其他资产一样。

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.

坎亚戈周二在瑞士达沃斯举行的世界经济论坛上发表讲话时警告说，各国政府应小心避免“游说者”的影响，这些“游说者”“对某种产品有特殊兴趣”，希望将其强加于社会。

“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?”

“如果游说团体认为政府应该持有这种或那种资产，而不考虑政府的战略意图，我会遇到一个重大问题。黄金有其历史，但如果我们现在说比特币，那么铂金或煤炭又如何呢？为什么我们不持有战略牛肉储备、羊肉储备或苹果储备？为什么选择比特币？”

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.

南非著名科技企业家斯塔福德·马西 (Stafford Masie) 是比特币的坚定拥护者，也是一直游说政府采用比特币战略储备的人士之一。

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.”

尽管周三无法立即联系到 Masie 发表评论，但他对 Kganyago 在 X 上的言论做出了回应，称：“我们还早，我们还有工作要做。”

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.”

然后，Masie 转发了有争议的 MK 政治家 Mzwanele Manyi（他计划在下个月的比特币会议上发言，并表示他与 Kganyago 有着“根本不同的观点”），他说（为了清晰起见进行了编辑）：“达沃斯会议上所说的内容（由Kganyago] 并不代表南非，也不代表这里的政治和私营部门领导人实际发生的情况。我希望能披露更多信息，但请放心，我们比特币极端主义者是不问政治的，默默地、稳步地进行橙色丸。”

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

“Orange-pilling”是一个俚语，指某人对比特币的强烈支持或与比特币哲学的一致。

‘Strategic reserve asset’

“战略储备资产”

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 在达沃斯发表上述言论之际，美国总统唐纳德·特朗普 — — 他承诺自己将成为“加密货币总统” — — 表示支持比特币成为美国的“战略储备资产”。

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

战略储备是帮助政府为自然灾害、冲突和经济危机等意外破坏或紧急情况做好准备的资产储备。

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.

加密货币平台 Coinbase 首席执行官、世界经济论坛 Kganyago 小组发言人布莱恩·阿姆斯特朗 (Brian Armstrong) 反驳了储备银行行长的言论，认为比特币是比黄金更好的货币形式，因为它已被证明是稀缺的——就像黄金一样——但也更便携和可分割。

“[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.

“[比特币]具有更高的效用，并且是过去 10 年来表现最好的资产。因此，对于一种价值储存手段来说，政府随着时间的推移持有它是很重要的。一开始可能只占他们储备的 1%，但随着时间的推移，它将等于或大于他们的黄金储备，”阿姆斯特朗说。

Read: Crypto traders should not fear Sars disclosures: Luno

阅读：加密货币交易者不应担心非典披露：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 对比特币的立场在一定程度上反映了南非监管机构与新兴技术之间的状况。 《金融咨询和中介服务法》（Fais）将加密资产定义为一种金融产品。南非没有关于加密货币的单一全面立法。尽管加密货币可以自由交易，但它也不具有法定货币的任何正式地位——尽管这种情况可能很快就会改变。

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.

储备银行国家支付系统负责人蒂姆·马塞拉（Tim Masela）上个月在 TechCentral Show 上发表讲话时表示，储备银行正在尝试政府和整个国家使用数字货币的不同方式，包括引入央行数字货币（中国商业银行）。马塞拉提供了政府使用加密货币的一些方式的例子。他还强调，储备银行往往希望在部署新技术之前证明其价值。

“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

“人们谈论的是货币的可编程性，这意味着你可以对货币进行编程，使其在某些参数内运行。例如，如果我们发行 CBDC 并用它来帮助穷人，那么我们可以对这笔钱进行编程，使其只能购买面包和牛奶，而不能购买酒。” “我们有一个专注于进一步研究的团队。” — © 2025 新闻中央媒体