Eric,
Does the company wondered how the last message of the People's Bank of China to create a new cryptocurrency will affect the company's operations and other similar? Or you can submit your private opinion here?
Does the company wondered how the last message of the People's Bank of China to create a new cryptocurrency will affect the company's operations and other similar? Or you can submit your private opinion here?
Most people I talked to, my colleagues at HaoBTC included, interpret this as positive as it will increase awareness of cryptocurrency among the public. Also, the stated purpose of the proposed PBC Coin is combating tax evasion and money laundering, and it may drive more to embrace a free currency such as Bitcoin as a refuge.
But if the government promote its own coin/money, people will use that coin instead of bitcoin. Ordinary people will trust the government and bank more.
Not necessarily. So it is in the capitalist countries and democratic. I do not know how it is in China. Here Eric is an expert.
But in socialist and communist countries where one party ruled the whole nation ordinary people have greater confidence in the dollar than to the local currency or bank. Most often because of instability, inflation and lack of convertibility.
