Topic: One of the Chinese biggest banks issue $3B bonds tradable in bitcoin! (Read 115 times)
November 11, 2020, 11:49:40 AM
This is really great, of course, huge as well. It can also be termed as an indirect step in explaining bitcoin to the masses. And, China is very good in terms of adoption in technology where many governments of good economically good countries are banning them without proper research. Consider India as an example, just go to Ministry of Finance and ask how blockchain can revolutionalize the banking sector. She wouldn't have a clue about how does it work. Lol! Reserve Bank of India misuses its power to ban trading of cryptocurrencies and doesn't get penalized when revealed power misuse(by Supreme Court).
November 11, 2020, 10:24:32 AM
It could be good news, since we all know that there are only limited country to get involve related to bitcoin, plus add the fact that it is China! If one of the banks in China will be able to open their door with this crypto currency world, other might follow their steps, and it will good for the market, there are a lot of investors in China, they are business minded, maybe finally they seethe benifit of this thing with their economy and this is more secured than they are expected. But what happen to digital yuan anyway?
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November 11, 2020, 09:30:51 AM
Wow. They are aiming to even more people to invest in these types of bonds. Having an entry for $100 is pretty cheap, and you could already set yourself up for success if it becomes profitable. It's one to look at for the future, knowing that the one representing it is the World’s Second Largest Bank. Why not go with them? Right?
You are right cause it could a blessing in disguise cause it seems to be the first ever digital security offering to be listed on the stock exchange that is directly accessible for retail investors but people still need to be careful when it comes to invest in crypto related business held by the Chinese government. With that been said, all this process will surely to dine through centralized and only investors that didn't mind doing KYC will invest.
November 11, 2020, 08:58:49 AM
Ok, understand, agree with you, nothing moves in China without government approval ) IMO the same thing with chinese or hong-kong exchanges
Speaking of the sales, the centralization in nature of the Chinese government have already proven the bobondales to have been approved by the Chinese government before the China Construction Bank partnered with Hong Kong-based fintech.
I'm not a big fan of any governments and banks either and agree that big money recognized bitcoin some time ago but hypocritically denied it. In my opinon many banks support blockchain but this particular one must have received an approval from Chinese government.
It understandable that your intention are good and I dont by chance hold you accountable for the news cause I related my opinion to the Chinese governments and the article writer that stated in the article that "Blockchain is making stocks and bonds more accessible to retail investors" whereas it was Bitcoin and this even make it more clear that the Chinese government will not support Bitcoin until they miss all it potential. Speaking of the sales, the centralization in nature of the Chinese government have already proven the bobondales to have been approved by the Chinese government before the China Construction Bank partnered with Hong Kong-based fintech.
November 11, 2020, 08:42:11 AM
Wow. They are aiming to even more people to invest in these types of bonds. Having an entry for $100 is pretty cheap, and you could already set yourself up for success if it becomes profitable. It's one to look at for the future, knowing that the one representing it is the World’s Second Largest Bank. Why not go with them? Right?
November 11, 2020, 08:31:07 AM
Maybe they are having trouble finding investors in the normal market that is why they are trying to tap in the crypto market now. Remember that these are bonds and are debt securities which means that you'll only earn a little from it through interest payments I don't even think it will even be above the annual inflation rate. Just do more research now maybe people aren't really interested in taking up this bonds that is why they are making it available through Bitcoin purchase.
November 11, 2020, 07:44:39 AM
I'm not a big fan of any governments and banks either and agree that big money recognized bitcoin some time ago but hypocritically denied it. In my opinon many banks support blockchain but this particular one must have received an approval from Chinese government.
It understandable that your intention are good and I dont by chance hold you accountable for the news cause I related my opinion to the Chinese governments and the article writer that stated in the article that "Blockchain is making stocks and bonds more accessible to retail investors" whereas it was Bitcoin and this even make it more clear that the Chinese government will not support Bitcoin until they miss all it potential. Speaking of the sales, the centralization in nature of the Chinese government have already proven the bobondales to have been approved by the Chinese government before the China Construction Bank partnered with Hong Kong-based fintech.
November 11, 2020, 07:23:57 AM
I'm not a big fan of any governments and banks either and agree that big money recognized bitcoin some time ago but hypocritically denied it. In my opinon many banks support blockchain but this particular one must have received an approval from Chinese government.
One more confirmation that professional investors recognize bitcoin and keep investing in it.
No buddy, professional investors have recognized Bitcoin long ago but the government stance towards Bitcoin that hindered their publicly declaration and this is that reason why I dont like every government (China, Iran, Kuwait etc) which claim Bitcoin to be scam and still use it advantage for their own purpose.China Construction Bank issues $3B bonds through Hong-Kong digital exchange Fusang which can be exchanged for bitcoin.
More confidence and adoption.
Source: https://www.coindesk.com/china-bank-government-bond-blockchain-bitcoin
I read the article and I was surprised that the China Construction Bank fully understand Cryptocurrency is making stocks and bonds more accessible to retail investors yet they only support Blockchain because of their personal interest.More confidence and adoption.
Source: https://www.coindesk.com/china-bank-government-bond-blockchain-bitcoin
November 11, 2020, 07:11:54 AM
One more confirmation that professional investors recognize bitcoin and keep investing in it.
No buddy, professional investors have recognized Bitcoin long ago but the government stance towards Bitcoin that hindered their publicly declaration and this is that reason why I dont like every government (China, Iran, Kuwait etc) which claim Bitcoin to be scam and still use it advantage for their own purpose.China Construction Bank issues $3B bonds through Hong-Kong digital exchange Fusang which can be exchanged for bitcoin.
More confidence and adoption.
Source: https://www.coindesk.com/china-bank-government-bond-blockchain-bitcoin
I read the article and I was surprised that the China Construction Bank fully understand Cryptocurrency is making stocks and bonds more accessible to retail investors yet they only support Blockchain because of their personal interest. More confidence and adoption.
Source: https://www.coindesk.com/china-bank-government-bond-blockchain-bitcoin
November 11, 2020, 05:20:17 AM
One more confirmation that professional investors recognize bitcoin and keep investing in it. China Construction Bank issues $3B bonds through Hong-Kong digital exchange Fusang which can be exchanged for bitcoin.
More confidence and adoption.
Source: https://www.coindesk.com/china-bank-government-bond-blockchain-bitcoin
More confidence and adoption.
Source: https://www.coindesk.com/china-bank-government-bond-blockchain-bitcoin
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