China is going to rule crypto! - page 3.

muslol67

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Quote from: gregall on January 22, 2019, 09:06:31 PM

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

I think it's something that could be good for all of us. But we do not know about the content of the regulation. It is useful if they leave a living space for crypto coins.

LTCendmanagement

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it means that China is a very lucky country, we always hope that in our country, even other countries that popularize this field will always continue to grow so we can only try here and pray that all thought will be better than the previous year.

rocketcoin88

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Neo is not important, just a pump an dump, but China does rule the encryption.
Because we have huobi binance okex bitfinex(hong kong) bitmain

kelz1

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There are some solid projects in china like NEO and thekey but it is unlikely that they will control bitcoin. Bitmain is falling apart and they practically kicked out binance which was a dumb move

crwth

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https://linktr.ee/crwthopia

The article tackled one of my questions in my head upon reading the title of this thread. Why would China rule Crypto when they are willing to ban ICO (good job because of the scams people try to pull off in it) and made an agreement where it’s not allowed to have exchanges etc. Some of the exchanges just moved from China Mainland to Hong Kong, which is essential, China as well. So doing that means it confused me that China still wants to be stronger and ahead of the “blockchain” that started it all.

It’s still early to say, but those investments toward improving their technology and research with regards to blockchain would definitely increase and put themselves steps ahead of the competition. It’s a race now between leaders.

kingpin4321

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Chine is a big name when it come to cryptocurrency they even have there very own coin neo but also they are various country of the world that are also doing greatly as well and it's good to see that cryptocurrency is gaining much interest

anodyne

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Is it true? Or just a rumor? When I first read it, I don't have a good feeling about it. Well or maybe I just don't like China to take over control the crypto currency. Honestly, I preferred it to be the Japan. But furthermore, the Bitcoin, having its own unique characteristics as a decentralized one is what best describe the entire crypto community.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

I disagree with you. China is all about control and Bitcoin does not give them control over many aspects of their citizens. They want to control capital flowing in and out of China and Bitcoin is borderless. They want to know what their citizens are spending their money on and Bitcoin is pseudo anonymous.

Japan will soon rule the Crypto currency scene, because they have none of these restrictions and their government is embracing the technology. Wink

pooya87

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this seems to me like another one of those articles that tries so hard at exaggerating the position of China this time only because they have dedicated some funds to certain areas. although that amount is high but it doesn't mean they are going to "rule crypto". China is like many other countries that are trying to stay ahead of the curve when it comes to the blockchain technology and adopt it sooner than others. i still don't see anything there that gives them any more advantage to other countries.

coingecko

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Technically China could easily control any blockchain uses within the country itself. Simply because they have control over the internet in the country which is one of the necessity for public blockchains to work.

As for blockchain development and implementation, China has been investing billions in total to these development projects every year, no doubt their are ahead of the rest of the world. The question is whether they plan to share this knowledge outside of China.

elda34b

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Quote from: AdeleAndex on January 22, 2019, 09:38:06 PM

so they are more likely to acquire or use Blockchain as a currency

How can they use blockchain as currency?

I'm not really surprised with this progress, even though China ban ICOs, their part in crypto mining is apparent. It's just business as usual, and I believe they won't let this opportunity to slip away. However, it's important to note that blockchain is what being pursued, not essentially supporting cryptocurrency.

I doubt this won't change anything regarding their ban on ICOs though.

boyptc

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I'm not updated anymore on what's the movement of crypto's on China after the ban they made for ICOs and trading but what I know was there's still a good number of crypto people out there, including investors and businesses.

They did even ruled and control the market before and right now, looks like they are pushing for more adoption to blockchain and crypto's.

AdeleAndex

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China is gradually developing into the number one power. so they are more likely to acquire or use Blockchain as a currency

gregall

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https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

Topic: China is going to rule crypto! - page 3. (Read 543 times)