If this actually leads to some sort of regulation regarding cryptocurrency exchanges as well as ICOs, then it can definitely end up being something significant. Regulation is after all, much better than a total restriction on these aforementioned things.
It's too early to tell exactly what the intentions are with this research project, but it's definitely a good sign imho that the Chinese government is even bothering to do these ratings.
The bitcoin price may not be affected in short term, but it could potentially have a profound impact on the prices mid to long term if these ratings and the research done end up helping the Chinese crypto market to exist under a regulated environment.
Topic: Chinese ministry to publish 'blockchain ratings' - page 2. (Read 285 times)
http://www.scmp.com/business/commodities/article/2145767/chinas-ministry-industry-and-information-technology-publish
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
I think this people are coming back into cryptocurrencies again and they are trying to actually "rehabilitating certain projects" from all indications. I have think some time ago that Chinese government always attack bitcoin in other to bring it price down for their citizens to buy at cheap price. The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
China made themselves irrelevant in blockchain by killing cryptocurrency trading, ICOs and limiting Bitcoin mining. What is their "blockchain ratings" guide supposed to do? Get their relevance back? 
http://www.scmp.com/business/commodities/article/2145767/chinas-ministry-industry-and-information-technology-publish
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
Currently nobody cares what china has to say about blockchain industry as they have let us all down too many times, and are now on the last place of blockchain revolution train. It would however be very good for the ecosystem if china would join the bandwagon again
http://www.scmp.com/business/commodities/article/2145767/chinas-ministry-industry-and-information-technology-publish
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
Governments often make investment models and analysis around assets, but in this case, something as controversial as cryptocurrencies in China, where they've banned a ton of exchanges, it's kinda shocking. Why would they "rate blockchains", if they are banning exchanges to rate the currencies whose run under said blockchains?
I guess their barometer to rate a blockchain is one that qualifies them higher the more centralized, controllable and therefore traceable and easier to confiscate for governments, in other words, do what the opposite a government says about a crypto.
http://www.scmp.com/business/commodities/article/2145767/chinas-ministry-industry-and-information-technology-publish
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
The China Center for Information Industry Development (CIID), the institute responsible for advising on policy in technology, is researching and publishing ratings for 28 coins including BTC, ETH, NEM, XMR and plenty of others.
Anyone care to extemporise on what the implications are of this? Does this mean China is looking into 'rehabilitating' certain projects?
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