Topic: Advantages of cryptocurrencies for China (Read 464 times)
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.
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.
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.
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 
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 
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.
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.
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.
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.
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!
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.
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!
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
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.
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.
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.
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
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 
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.
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
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?
China and its people always create a big impact in any aspect that they can be into. If china will going to fully utilize the cryptocurrency market, I guess it will be beneficial to everybody as there is so many investors and people from china.
China is a big country and technological progress is as extraordinary as America. And Blockchain technology in China has a very positive impact on payment media. Using Coin Crypto all become easier in buying and selling. Of course, this is also my hope in my country to make crypto coins as a medium of payment.
there are many crypto advantages for china, especially for their main work, so they can profit from crypto, trade, mining, and invest.
high population, makes it difficult for some people to get work, and crypto is the solution for them.
high population, makes it difficult for some people to get work, and crypto is the solution for them.
Technological advances in China is rapidly growing from the world's fastest supercomputer to giant manufacturing equipment and massive geeks it seems that China has the edge of cryptocurrency and blockchain development although they are strict in regulating such activity for they are trying to figure out on how to win this race against world leading countries who adopts crypto like USA and Japan.
If China wants to become a center of development of crypto-currencies and actually use them, as all production is directed to export. I believe very much so in the Chinese cryptocurrency, try to buy their coin.
China is leader. It is a leader in all areas . If something wants something they will do it .
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?
China is capable of everything and most people do know about that yet they do have the capacity when it comes to power and wealth.Thinking off they are the top players or makers of miners and talking about investment then they can decide on what they do like to do. They can either be friendly or a worst enemy
anytime on the market.
I definitely see advantages for China, at least in the field of payments. And most likely China will support local blockchain startups.
China is a large country of the world. China population huge, if china accept crypto then china people will involve in crypto then crypto demand will be increase. Moreover crypto market will be grow up.
No matter the advantages that crypto currency offers for an economy whether China or the United States, the government knows but the question is, can they match it with the cost that comes with it based on their own perspectives which is what determines the attitude any government will display towards crypto currency. Unless those costs or disadvantages can be overcome or there is a higher necessity to push forward the advantages, its not going to change till the near future.
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?
Sure i believe china will be one of the leading countries in crypto soon especially if they come through with the tokenization of their currency which is being proposed recently 
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?
Yes, it is inevitable for China and other large markets to take advantage and prosper from the blockchain revolution. Despite the current lull in cryptocurrency markets, not much has changed regarding blockchain progress in the way of integration and adoption.
In fact, it is not easy to find retailers that have stopped taking cryptocurrency as a payment method. I couldn't find any when I searched "online retailers that have stopped accepting cryptocurrency" in Google. Why would they? A sale is a sale even if they immediately liquidate the digital asset for cash.
Asides from China, another thing to consider is other markets that are even more traditional and conservative than Chinese markets. Look at the wealth of South America. Brazil is a huge and largely untapped potential to grow cryptocurrency markets.
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?
Well they already put a hammer ban on their local exchanges and ICO's so I don't think that they are fond of cryptocurrencies. Besides, they know that crypto's will disrupt them in either way so I don't think that they will accept that idea as we all know that China wanted everything to be under the control of thei government so forget about them.
Now China is the country with the largest economic turnaround in the world, and it is not surprising that the country is developing cryptocurrency very well, but the ongoing industry competition that affects global finance does not make China be the cryptocurrency center easily, it takes a very long process for that, but it seems that this country has a high level of trust
each country has the same opportunity to develop cryptocurrency extensively, and China has become one of the big developers so that the development of crypto in that country has become an integral part, even has a remarkable turnaround, but don't forget countries like USA and Russia that have the same potential
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.
i can't think of any reason why cryptocurrencies are specifically advantageous for China. they have their own advantages but they have those for anybody from any country all over the world. there is no specifics to any country in my opinion.
there are certain aspects of the technology that they have been enjoying more. such as mining and also trading but i wouldn't still call it an advantage for Chinese.
there are certain aspects of the technology that they have been enjoying more. such as mining and also trading but i wouldn't still call it an advantage for Chinese.
I believe cryptocurrency is still in use in China, it's just that it is not yet official. I have seen quite some number of people, most especially those i know, whom are merchants. They buy goods from China using cryptocurrency and that has made the transaction between both parties to be easier. The only issue China may have on this, is the tax evasion, which most government are agitating for.
It is extremely hard to understand what is happening with China, they are constantly changing their attitude towards cryptos . ( at least this is what i see from the news all the time) Thus i wont bet nothing much on China, at this point EU and Isreal where we should look for innovation in crypto space
Even Binance moves its operation to the Malta. There are some various crypto legal friendly countries in the world but China is not one of them.
yes I agree with you that China still cannot be a friendly country with crypto. they still think crypto is less profitable for him.
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
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?
China is full of clever people, i guess they will find a proper way of using it. to be honest, i hope that China will set up a good example for other countries and so everyone would see it's not that terrifying
Cryptocurrency as we all know have come with a lot of innovations. Some of the advantages of cryptocurrency is decentralized exchange. With this, projects are now looking for a way to join the cryptocurrency field. Cryptocurrency has brought about a change in turn around time. It has also presented an opportunity for investment.
I think crypto is win win for China, as they are number one manufacturers and suppliera of everyday products and the largest exporters to the world so by accepting payments by crypro they can make trading more efficient, easy and reduce costs of payment transfers and foreign exchange etc.
Even Binance moves its operation to the Malta. There are some various crypto legal friendly countries in the world but China is not one of them.
Yup, the problem with China is even if they were friendly, they have history of changing their stance overnight, catching everyone by surprise and instability is a huge detractor.
Also, China is heavily invested in gold, likely anticipating collapse of the debt-based western currencies and return to gold standard. Bitcoin, often referred to as 'new gold' can potentially become serious competitor to the actual gold, and therefore can be seen as a threat by China. Some speculate that Bitcoin was a CIA project started to hinder China's strategy.
Even Binance moves its operation to the Malta. There are some various crypto legal friendly countries in the world but China is not one of them.
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?
There are too many prohibitions on cryptocurrencies in China. I don't know what will happen in the future, but China is not the right place.
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?
Jump to: