Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Balint098]

Despite their opposition against bitcoin and cryptocurrencies in general, China is working hard to utilize the blockchain system that powers all cryptocurrencies. Based on an announcement from one of the national technology agencies, China will soon release a national standard for blockchain in the following year. This blockchain system will power the government and enterprise use. Currently, the draft is awaiting approval.

 

[microunit]

Yeah, China wants everything that the world is using to be owned by them, it seems like they are trying to ban cryptos and make people use their own blockchain? nonsense

 

[Brain]

China I believe just want to be independent so they are doing all the can to throw out any kind decentralization. Well, if it will feel good for their country then so be it for them.

 

[Mariappa45]

China I believe just want to be independent so they are doing all the can to throw out any kind decentralization. Well, if it will feel good for their country then so be it for them.

I believe China issued warning to all crypto miners to relocate and stop mining anything that has to do with cryptocurrency here in their country. Then how come they want to standardize crypto on their own? Does it mean they have made different cryptocurrencies of their own which they want to implement to replace all other cryptocurrencies in the market? If so, I believe it's very much impossible for them.

 

[Brain]

I believe China issued warning to all crypto miners to relocate and stop mining anything that has to do with cryptocurrency here in their country. Then how come they want to standardize crypto on their own? Does it mean they have made different cryptocurrencies of their own which they want to implement to replace all other cryptocurrencies in the market? If so, I believe it's very much impossible for them.

i think what they want is just the promotion of their local currency yuan. They have made the digital version of it too for quick transactions. so I doubt it about them having any crypto currency of their own. But if it is what will help their economy growth then it should be adopted

 

[Mariappa45]

i think what they want is just the promotion of their local currency yuan. They have made the digital version of it too for quick transactions. so I doubt it about them having any crypto currency of their own. But if it is what will help their economy growth then it should be adopted

They know the reason for the creation of the digital Yuan. If it's not profitable they wouldn't have bring it on. Firstly, it will grow from their country China, before moving across other globes when they see reasons to adopt it. At the moment I don't see reasons for others to adopt it, unless for inter country business.

 

[Lobardi]

China is on its one and oy mission and that is to make its yuan no 1 ot has so much competitors but they are moving just fine in the direction

The people are supporting them and that is the sign of a potential gain in the market

They are embracing the markets and offering their own solutions so they have a game plan to be honest in my opinion.