Topic: China - page 2. (Read 294 times)
China are still one of the biggest players in cryptocurrency just in a different regard. They have a very big share of the mining of bitcoin and the government is often involved in decision making when it comes to regulation for mining etc. So while they may not have a big influence in terms of their populous buying bitcoin they still influence the price with their mining. They probably keep the price down in a lot of regards because of their giant farms, without them the average cost of mining might be higher and we might see further increases.
China recently released its censorship regulation for blockchain startups. Like a dam, when you fill one hole another pops up. The Chinese people are too entrepreneurial to be held back by the heavy handed “Great Firewall of China” censors. Like www.coindesk reported on Oct 22, 2018, its citizens regularly post on the ethereum blockchain to evade censors. Yes, the Chinese government’s incessant communist censorship may slow down blockchain innovation, but they’re such an overall economic powerhouse that it won’t affect their economy.
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