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Topic: China Has Just Launched Its Official Coin or Has It? - page 2. (Read 260 times)

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Finally, a major government has actually shown its confidence in cryptocurrency (or have I read the news wrong or it's just another ponzi scheme?--please correct me if I have). The last I check the coins are for sale at YuanPay Group and will eventually be offered in every crypto exchanger worldwide. I wonder how this will affect bitcoin's price moving forward (if this is true). As I understand it, a coin's price normally skyrockets during the first few days of launch. In the words of business magnate Sir Richard Branson, "Every time a major corporation announces even a small partnership with an individual cryptocurrency, that coin's value skyrockets." Overall, this is a big leap for crypto I suppose (if this is true).  

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Turns out it's a scam (thanks for confirming).
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