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[AudraMiller]

The one thing that we have been able to see recently is that there are countries that are supporting cryptocurrency and there are others that do not want anything to do with it. The country that falls into the latter of these two is China, as we have seen with their ban on the cryptocurrency coins that took place in order to try and promote their digital yuan. In a recent news article however, it seems that the Chinese president, however, is in support of the technology behind crypto, saying that blockchain can be used in the transport industry. What do you think about this? Could they revise their ban in the future?

 

[Wisdom01]

I guess you're right. Are are just no strict laws against them, I am already starting to think that the laws and the consequences of going against it is only applicable to the ruled and not the rulers

Those laws favours them more ,they earn more money than most countries government despite the high proverty rate ,the Constitution really needs more amendment

 

[Skysaint]

Lol, corruption is everywhere, no countries has 0% rate of corruption, and it has nothing to do with employment. Corruption happens when greedy politicians want more money and obtain them through illegal ways, it doesn't matter if the population is starved to death or not, they just want more money.

You're probably right on your end but in a country where there is a high rate of unemployment, people tend to do things just to survive thereby increasing the degree of corruption in the country

 

[Skysaint]

Those laws favours them more ,they earn more money than most countries government despite the high proverty rate ,the Constitution really needs more amendment

That's even why I am inclined to think that they still don't wanna approve cryptocurrency transactions because there is no way they can earn from it. Because if actually the reason is due to the illegal transactions that can be carried out through cryptocurrency, then I wonder who is more likely to carryout such transaction, the government or the people?

 

[btaliat]

China has felt the impact of their action. Their belief was that crypto would be crumbled if they didn't support it. But now they have realized that crypto cannot be broken by any government or individual.

 

[Wisdom01]

That's even why I am inclined to think that they still don't wanna approve cryptocurrency transactions because there is no way they can earn from it. Because if actually the reason is due to the illegal transactions that can be carried out through cryptocurrency, then I wonder who is more likely to carryout such transaction, the government or the people?

They don't know how to benefit from it ,or even if they know ,they might be selfish and don't want the mases to get rich through crypto

 

[Jack / 47 F1]

in china, its all about control & manipulation of the people & the news. there are a different set of standards for the politicians. but when a politician is caught doing something wrong, they are eliminated quickly. its more about being caught than doing something wrong. just look a chinas social credit score system. its all about rewarding obedient slaves / people & punishing those who break the rules / laws.

once again, they will use block chain technology but not cryptos. they will only allow the official fiat chinese crypto currency.

 

[ashim kate]

China has been one of the countries that has been heavily against cryptocurrencies. Their most concern is about how safe blockchain technology is that is why they prefer to build their own cryptos.