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Topic: Advantages of cryptocurrencies for China (Read 464 times)

full member
Activity: 280
Merit: 100
December 11, 2018, 07:06:57 AM
#47
      There are many Chinese regulations in the process of establishing, proposing the ban on cryptocurrency. I think this will have a major negative impact on the market. That is why many projects are cautious and prohibit the Chinese people's investment or participation in bounty campaigns.
full member
Activity: 518
Merit: 134
December 11, 2018, 06:42:18 AM
#46
I will come out of cryptocurrency if there is one country that will dominate, because if China will lead and take over Crtyptocurrency. a monopoly will emerge and that will affect everyone.
member
Activity: 415
Merit: 10
December 11, 2018, 06:11:08 AM
#45
The advantage of cryptocurrency in the world has not appeared. Now the world economy does not recognize the cryptocurrency market. Bitcoin is still very cheap. The entire cryptocurrency market does not have the high market value of Apple. So I believe that bitcoin will become very expensive. But this has nothing to do with China. When it is necessary, the government will flood into the cryptocurrency market.
jr. member
Activity: 140
Merit: 1
December 10, 2018, 03:13:15 PM
#44
Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?
i guess China has all the advantages, and avove all its people. with such minds, it is really easy for them to become leadres. so the question is when it happens. i give five years for that
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
December 09, 2018, 07:07:32 PM
#43
It is the quire opposite. Because right now many regulations of china are still being established and trying to ban cryptocurrency. And as you can see, many ico investment bans china county for making investment.
Of course and remember about the fact that even NEO has been getting a subpoena from SEC and NEO foundation has been returned all of the funds to the investors again and that makes lack of the funds to support the development process
full member
Activity: 434
Merit: 101
December 09, 2018, 07:01:36 PM
#42
It is the quire opposite. Because right now many regulations of china are still being established and trying to ban cryptocurrency. And as you can see, many ico investment bans china county for making investment.
Cryptocurrency in China is being conducted and regulated and somehow with the use of cashless payments in their country, The government are very strict on AML issue. SO the next time you heard about the news of crypytocurrency in China they are into it.
member
Activity: 392
Merit: 11
December 09, 2018, 06:43:07 PM
#41
There is  a tough regulations on cryptocurrency in China and I think China as great player in international trade ,should adopt cryptocurrency as major payment processor as part of its trade policies to its advantage.
jr. member
Activity: 322
Merit: 1
December 09, 2018, 06:38:22 PM
#40
It is the quire opposite. Because right now many regulations of china are still being established and trying to ban cryptocurrency. And as you can see, many ico investment bans china county for making investment.
hero member
Activity: 784
Merit: 501
December 09, 2018, 06:31:16 AM
#39
Because most bitcoin is owned by Chinese people. And then China dominated the Crypto Mining. If the price of bitcoin soars again, then I'm sure they will be very rich.
member
Activity: 359
Merit: 10
Fast, Smart, Trustworthy
December 09, 2018, 05:53:38 AM
#38
I think China needs the help of blockchain, such as teaching and medical, but does not need encryption, because many software in China has realized cashless transactions!
member
Activity: 80
Merit: 10
December 09, 2018, 05:39:11 AM
#37
Just to evading the Chinese government's foreign exchange controls, crypto seems to be very weak in China. China's cashless payment technology is currently the most advanced in the world, and crypto is nothing compared to them.
member
Activity: 392
Merit: 10
Fast, Smart, Trustworthy
December 09, 2018, 05:12:18 AM
#36
I think cryptocurrency has no advantage in China. why? Because in China, Alipay and WeChat have realized cashless transactions on various occasions, and the speed is very fast!
member
Activity: 308
Merit: 15
December 09, 2018, 05:10:07 AM
#35
When it comes to economywise, China seems to have the largest economy base on my little knowledge but cryptocurrency in China with too many regulations and monitoring would forfeit the system and make China a wrong option according to this Topic. #justmyopinion
member
Activity: 459
Merit: 10
December 09, 2018, 05:02:21 AM
#34
You are the right analyst. China has great potential, but now no government will act alone. Perhaps only the US government through the ETF will join the cryptocurrency market. This may not be possible, I suspect that the government hates cryptocurrencies.
newbie
Activity: 29
Merit: 0
December 08, 2018, 07:44:37 AM
#33
I definitely see advantages for China, at least in the field of payments. And most likely China will support local blockchain startups.
But right now China has made many restrictions for their nation in the field of crypto which is making them lower than the remaining community. There was a time when China was the king in the crypto community but now they are not like before.
full member
Activity: 822
Merit: 100
December 06, 2018, 11:32:18 AM
#32
It will help China in numerous ways but the government indifferent altitude towards holding of crypto assets is not encouraging, the only thing China needs to think of is how to regulate the crypto market to protect it's citizens not to discourage acquiring it.
member
Activity: 308
Merit: 10
December 06, 2018, 10:49:03 AM
#31
No good, I'm not good at all, I'm losing too much money and I do not care about any news anymore. I hope the market will recover soon and can show us the period. prosperity come back
member
Activity: 210
Merit: 10
W12 – Blockchain protocol
December 06, 2018, 10:39:49 AM
#30
Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?
i have great hopes for China, to tell you the truth. and i think that this country has all the potential for making a great profit of crypto, i hope that it will show the others that crypto can change the economy for better
sr. member
Activity: 1183
Merit: 251
December 04, 2018, 07:17:12 PM
#29
It seems to me that because of the large population in China, the cryptocurrency, will make a big impact on the economy. Stronger than in other countries

Definitely a larger populated country will make a huge impact on crypto value, it can change the economy of entire country. China is a extreme powerful country in the world also they are largest exporters across the globe if the government say to use the coin as official I sure cryptocurrencies will skyrocket again.
China can be considered as the bitcoin house. The government will not but the crypto must create its regulation remember about how PBOC was preventing crypto by putting very strict rules to the crypto to get ni on china. This will become a big problem consider about the fact that it has been getting a lot of strict regulations.
legendary
Activity: 1666
Merit: 1001
December 04, 2018, 07:17:05 PM
#28
I don't want to get my hopes up, China is actually one of the country with a lot of users and miners, it is one of the most important role in crypto, unfortunately there are so many restrictions in China, the government try to keep everything under control, so when it got a little freedom, the government will try to ban it again
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