Topic: Will China takeover as the leader in blockchain and start the new bull market? - page 3. (Read 609 times)
June 14, 2023, 07:35:07 AM
China is a big market and of course China will be the leader of the cryptocurrency bullrun,
let's just wait until 2024 or 2025 because 2024 bitcoin halving and according to history price movement will be positive and bullish again,
so don't worry about US or SEC, because the market is not from there but from China.
June 14, 2023, 04:41:53 AM
[.....]If mainland China follows, it might bring the cryptospace back to the bull markets that are more similar to 2017. The pumps during those bull market years with China were bigger and higher.
Would they allow the coins or native tokens of those chains developed by non-Chinese companies though? They could end up banning all of them and allow only the "locals". Only Hongkong that would be open for all.If you think that it won't happen or couldn't happen that is because you live in a free nation and can't imagine living by the word of just one person, but that's how china lives and nobody can breath even without president allows them to breath. That's why there won't be any foreign ones, and local ones will be under strict rules to follow.
June 14, 2023, 04:06:29 AM
We need to monitor market trends and global events to make correct investment decisions. The imposition of unclear regulations and the departure of developers from crypto-related projects in the US could also be a factor in China becoming a leader in blockchain technology and crypto.
Whether China could take over the leadership in blockchain and launch a new bull market in crypto remains a prediction and uncertain. China is showing a particular interest in blockchain technology and has launched efforts to develop and use this technology in various fields.
Whether China could take over the leadership in blockchain and launch a new bull market in crypto remains a prediction and uncertain. China is showing a particular interest in blockchain technology and has launched efforts to develop and use this technology in various fields.
China is too unpredictable and it is primarily interested only in its digital yuan, which is a direct competitor to cryptocurrencies. I am not sure that with such interests, China will develop cryptocurrency as well as the United States. I am more inclined to think that Hong Kong or the Arab Emirates could be the global leader in cryptocurrencies. Too much different news is coming out of those regions, but I certainly wouldn't count on China's support for the entire crypto community.
Remember, the cryptocurrency is a complex interplay of market trends, technology adoption, and regulatory environment. That said, why do we view China' unpredictability as a hurdle rather than an opportunity for surprise advancements?
As for Hong Kong and the Arab Emirates taking the helm, it's not implausible, but aren't we overlooking the fact that these regions, while dynamic, still have to contend with their own challenges? Any which way, its a captivating tale unfolding, wouldnt you agree?
June 14, 2023, 03:10:51 AM
Many similar questions are being asked about China after rumors of a blockchain is being backed by Beijing. There are some people who say that it is Conflux, however, there is a blockchain developed by Beijing academy of blockchain called Chain Maker, where government controlled businesses like Tencent and China Construction are also supporting the project.
NFTs are also being supported by the government in Shanghai through approvals of the creation of NFT trading platforms.
However, everything begins in Hong Kong, where their government has allowed all users to buy and sell crypto. If mainland China follows, it might bring the cryptospace back to the bull markets that are more similar to 2017. The pumps during those bull market years with China were bigger and higher.
Another argument on why China might become the leader in the cryptospace is because the American government has been imposing regulations without clarity that causes many developers confused and leave or stop working for projects based in America.
As I read in sources according to a study by one company, the global economy will receive an additional $1.76 trillion by 2030 through the use of blockchain, which is 1.4% of global GDP, with Asian countries benefiting the most from the technology.NFTs are also being supported by the government in Shanghai through approvals of the creation of NFT trading platforms.
However, everything begins in Hong Kong, where their government has allowed all users to buy and sell crypto. If mainland China follows, it might bring the cryptospace back to the bull markets that are more similar to 2017. The pumps during those bull market years with China were bigger and higher.
Another argument on why China might become the leader in the cryptospace is because the American government has been imposing regulations without clarity that causes many developers confused and leave or stop working for projects based in America.
China will get the most. He, along with India and Japan, will become the driver of blockchain development in Asia. And the US will get a little less.
June 13, 2023, 12:02:19 PM
[.....]If mainland China follows, it might bring the cryptospace back to the bull markets that are more similar to 2017. The pumps during those bull market years with China were bigger and higher.
Would they allow the coins or native tokens of those chains developed by non-Chinese companies though? They could end up banning all of them and allow only the "locals". Only Hongkong that would be open for all.[....]Amidst the recent strict regulation that is being applied within the US, Hongkong does not specifically become the centre of attention. There is Dubai, which favours cryptocurrency adoption earlier, and also some rumour suggests the UK will follow trying to be a crypto hub.
I'm doubtful on UK but there should be no problem if both HK and Dubai ends up being a crypto hub in their respective regions. 
June 13, 2023, 11:40:26 AM
After knowing that the mainland Chinese government is against bitcoin activities, I did not expect much that they would expand the crypto industry space to various territories. Hong Kong is China's only exclusive contribution to the crypto space which I think will be around for a long time until some of their special importance is achieved.
This is not the first time China has banned or allowed cryptocurrencies. The last time they banned cryptocurrencies again, it did not affect the market much. Now that they have allowed cryptocurrencies again, it hasn't affected the market at all. I thought this might really be the start of a new bull market, but as usual expectations were not in my favour. Now there is a new threat from the US. But I hope they will not ban anything.Simply because they exit on crypto space very early I think around 2017 to 2018 while their recent crackdown is just a couple of years. Most of their citizens doesn’t hold crypto anymore so their news doesn’t gave much impact because Chinese is not on the market anymore.
China is open for blockchain technology but not with other cryptocurrency. Probably they will just launch their own but still not open with other currency. I doubt this will start bull run since Chinese buy power is still limited on their own blockchain.
June 13, 2023, 10:52:03 AM
We need to monitor market trends and global events to make correct investment decisions. The imposition of unclear regulations and the departure of developers from crypto-related projects in the US could also be a factor in China becoming a leader in blockchain technology and crypto.
Whether China could take over the leadership in blockchain and launch a new bull market in crypto remains a prediction and uncertain. China is showing a particular interest in blockchain technology and has launched efforts to develop and use this technology in various fields.
Whether China could take over the leadership in blockchain and launch a new bull market in crypto remains a prediction and uncertain. China is showing a particular interest in blockchain technology and has launched efforts to develop and use this technology in various fields.
China is too unpredictable and it is primarily interested only in its digital yuan, which is a direct competitor to cryptocurrencies. I am not sure that with such interests, China will develop cryptocurrency as well as the United States. I am more inclined to think that Hong Kong or the Arab Emirates could be the global leader in cryptocurrencies. Too much different news is coming out of those regions, but I certainly wouldn't count on China's support for the entire crypto community.
June 13, 2023, 10:32:23 AM
After knowing that the mainland Chinese government is against bitcoin activities, I did not expect much that they would expand the crypto industry space to various territories. Hong Kong is China's only exclusive contribution to the crypto space which I think will be around for a long time until some of their special importance is achieved.
This is not the first time China has banned or allowed cryptocurrencies. The last time they banned cryptocurrencies again, it did not affect the market much. Now that they have allowed cryptocurrencies again, it hasn't affected the market at all. I thought this might really be the start of a new bull market, but as usual expectations were not in my favour. Now there is a new threat from the US. But I hope they will not ban anything. 
June 13, 2023, 10:21:28 AM
After knowing that the mainland Chinese government is against bitcoin activities, I did not expect much that they would expand the crypto industry space to various territories. Hong Kong is China's only exclusive contribution to the crypto space which I think will be around for a long time until some of their special importance is achieved.
Though they may be against bitcoin adoption but that doesn't mean they can't make the utility use for the blockchain technology in some aspects of their economy even though China is very adamant as well in accepting other offers from without, but maybe due to the nature of the the blockchain technology being a decentralized network, they may give it some considerations for use, but OP should know that either of these two is not a determinant for the market rise or fall.
June 13, 2023, 10:10:43 AM
If some of you are not concerned by oppressive and authoritarian regimes leading blockchain, I truly do not understand what is all of your standards toward cryptocurrency. A mere uptrend prices or market action?
Amidst the recent strict regulation that is being applied within the US, Hongkong does not specifically become the centre of attention. There is Dubai, which favours cryptocurrency adoption earlier, and also some rumour suggests the UK will follow trying to be a crypto hub. In the near future, I don't think China would follow Hongkong cryptocurrency regulations path.
Amidst the recent strict regulation that is being applied within the US, Hongkong does not specifically become the centre of attention. There is Dubai, which favours cryptocurrency adoption earlier, and also some rumour suggests the UK will follow trying to be a crypto hub. In the near future, I don't think China would follow Hongkong cryptocurrency regulations path.
June 13, 2023, 06:44:17 AM
Many similar questions are being asked about China after rumors of a blockchain is being backed by Beijing. There are some people who say that it is Conflux, however, there is a blockchain developed by Beijing academy of blockchain called Chain Maker, where government controlled businesses like Tencent and China Construction are also supporting the project.
I don't follow the world wide political developments regarding crypto currencies that closely but since i am interested in cryptos which started in 2017 i always got the impression that China is very repressive regarding cryptos and they have introduced quite a few laws in the last few years to get more control over cryptos, to restrict them or to even ban them.
Of course with the recent developments in the US it seems like other countries could use that opportunity to position themself as a crypto friendly area because in the end the crypto space is a multi billion $ industry and every country that is welcoming this industry could make a lot of money with it.
June 13, 2023, 06:33:49 AM
At the moment it is is using HK for all cryptocurrency related activities. It has a simple strategy in my opinion. It is utilizing the benefits of US crack down on cryptocurrency through HK and safeguarding it's mainland retail investors. All major companies from the US have either moved or are under the process of moving to HK. Through HK it will start controlling the cryptocurrency market. I am sure it will make HK a global hub for all cryptocurrency businesses.
Thankfully when other countries will begin to get bitter towards bitcoins and cryptocurrencies as a whole, other countries like Hongkong always reach out their hands to help those crypto companies that are in need of homes after they suffered some foolish lawsuits from the SEC or the US government. I hope when they take crypto companies like this, they won't change their regulations anytime sooner giving those companies a hard time recovering their losses from the previous damages caused by the past countries they were operating with.
June 13, 2023, 06:30:06 AM
After knowing that the mainland Chinese government is against bitcoin activities, I did not expect much that they would expand the crypto industry space to various territories. Hong Kong is China's only exclusive contribution to the crypto space which I think will be around for a long time until some of their special importance is achieved.
June 13, 2023, 04:21:23 AM
From the beginning of 2023 to now, China is more open to crypto, and conversely, the US is showing that they are quite imposing, I think the managers are expressing their own views and strategies. them with this field. Indeed, with crypto this market is too small, the legal corridor is not clear, leading to easy price fluctuations in the face of positive and negative information. Personally, I think that depending on the political power of countries in this market, it may be possible to build in line with economic trends but overall, it cannot stop the crypto market more widely known as well as its acceptance.
June 12, 2023, 10:24:40 PM
We need to monitor market trends and global events to make correct investment decisions. The imposition of unclear regulations and the departure of developers from crypto-related projects in the US could also be a factor in China becoming a leader in blockchain technology and crypto.
Whether China could take over the leadership in blockchain and launch a new bull market in crypto remains a prediction and uncertain. China is showing a particular interest in blockchain technology and has launched efforts to develop and use this technology in various fields.
Whether China could take over the leadership in blockchain and launch a new bull market in crypto remains a prediction and uncertain. China is showing a particular interest in blockchain technology and has launched efforts to develop and use this technology in various fields.
June 12, 2023, 01:03:44 PM
I think China has a lot of potential to become a leader in the cryptospace, especially if they embrace blockchain technology and NFTs. I also agree that the US government needs to provide more clarity and support for the crypto industry, otherwise they might lose their competitive edge.
June 12, 2023, 12:57:56 PM
China has been actively involved in the blockchain space and has shown significant interest in developing blockchain technology.I think , it is possible that China will have a leading force in the blockchain also it is possible that the BRICS (Brazil, Russia, India, China, South Africa trading currency will be based on the blockchain.
June 11, 2023, 01:58:37 AM
First of all, NFT is not cryptocurrency. It's just a very simple use case of blockchain and will die down sooner than you expect.
Secondly, the idea of cryptocurrency goes directly against the ideology of Communist party of China. So I don't see China taking over as a crypto leader anytime in the future. However, countries like Singapore can become the powerhouse of cryptocurrency business and then Dubai can take over the 2nd spot. Not China.
Secondly, the idea of cryptocurrency goes directly against the ideology of Communist party of China. So I don't see China taking over as a crypto leader anytime in the future. However, countries like Singapore can become the powerhouse of cryptocurrency business and then Dubai can take over the 2nd spot. Not China.
I very much disagree that NFT will die down sooner. It has the potential to have financial value similar to cryptocurrency and not only that, it also has cultural value for the community that own and hold them. I would also argue that because of the regulators in America are presently going after tokens and classifying them as illegal securities, some investments in tokens might go to NFT.
Also, I am not quite certain if you are updated with the news, however, China has been opening up on the cryptospace again. I have been sharing news all over the forum about this.
June 08, 2023, 02:00:46 AM
First of all, NFT is not cryptocurrency. It's just a very simple use case of blockchain and will die down sooner than you expect.
Secondly, the idea of cryptocurrency goes directly against the ideology of Communist party of China. So I don't see China taking over as a crypto leader anytime in the future. However, countries like Singapore can become the powerhouse of cryptocurrency business and then Dubai can take over the 2nd spot. Not China.
Secondly, the idea of cryptocurrency goes directly against the ideology of Communist party of China. So I don't see China taking over as a crypto leader anytime in the future. However, countries like Singapore can become the powerhouse of cryptocurrency business and then Dubai can take over the 2nd spot. Not China.
June 07, 2023, 09:43:41 PM
It appears that Conflux's development team is placing themselves to be near the people who might be influencial on creating the whitelisting process in Hong Kong. I would also speculate that the whiltelisted projects in Hong Kong might also be the first projects to be whitelisted in Shanghai once mainland China decides to open their country for the cryptospace again.
Further solidifying our growing partnership with Web3 advancements in Hong Kong, Conflux is pleased to announce that it has become a senior member of the Institute of Web 3.0 in Hong Kong.
As the only regulatory-compliant public blockchain in China, Conflux holds a unique advantage for projects seeking to build and expand into Asia. Therefore, our decision to join the Hong Kong Web 3.0 Institute as a senior member aligns perfectly with our initiatives. We are honored and enthusiastic about collaborating with other industry players in the Web3 space and actively demonstrating our support for Web3 development in Hong Kong.
The Institute will be led by Norman Chan, the former Head of the Hong Kong Monetary Authority (HKMA). Li Feng, CEO of China Mobile International, will serve as the Honorary Chairperson. Chan’s extensive experience in traditional finance during his tenure at the HKMA will contribute to establishing a standardized framework for digital currencies within the new Institute.
Source https://confluxnetwork.medium.com/conflux-joins-hong-kongs-new-web3-institute-2e14b8bb648
Further solidifying our growing partnership with Web3 advancements in Hong Kong, Conflux is pleased to announce that it has become a senior member of the Institute of Web 3.0 in Hong Kong.
As the only regulatory-compliant public blockchain in China, Conflux holds a unique advantage for projects seeking to build and expand into Asia. Therefore, our decision to join the Hong Kong Web 3.0 Institute as a senior member aligns perfectly with our initiatives. We are honored and enthusiastic about collaborating with other industry players in the Web3 space and actively demonstrating our support for Web3 development in Hong Kong.
The Institute will be led by Norman Chan, the former Head of the Hong Kong Monetary Authority (HKMA). Li Feng, CEO of China Mobile International, will serve as the Honorary Chairperson. Chan’s extensive experience in traditional finance during his tenure at the HKMA will contribute to establishing a standardized framework for digital currencies within the new Institute.
Source https://confluxnetwork.medium.com/conflux-joins-hong-kongs-new-web3-institute-2e14b8bb648
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