Bank Of China, one of the China's state owned banks is educating their citizens about bitcoin, explaining how it works, why bitcoin has a value, why the price is going up and it sounds very bullish. Yesterday bank of China published an infographic article. The infographic is explained in three parts. In the first part it explains the history and a white paper, mining, how it works, benefits of using bitcoin.The second part explainst the historical price and volatility. The third part explains bitcoin's adoption! This looks like China is more open for bitcoin. Maybe we are at the begining of something big here.
https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main
I don't know, I have my doubts about China. It's a shady country that violates human rights and tries to hide what is essentially contemporary concentration camps. The scandal with Huawei is also a part of this general trend of China. The relations with the West are getting worse, and China doesn't seem to be willing to change this course of actions. For a country like China, it wasn't surprising that they decided to restrict cryptocurrencies. After all, it's something they cannot control, some freedom people had. It's good but suspicious if they are actually willing to let it go with cryptos and even encourage people to use them. https://openapi.boc.cn/inews/index.html?from=singlemessage&isappinstalled=0#/authorPageDetail/1000899?channelId=110000&fromShare=1&inComeSource=zyzq-main
