I will not be surprised if the Chinese government or its monetary authority creates a centralized national cryptocurrency given the fact that China is a global crypto currency mining power.
Thaks, SCeeYong. That will likely be the case. They can do anything by their own rules or newly made up rules. That is their unfair advantage over us. USA must lead quickly to create sensible regulations that are not burdensome for our industry.
There must be consumer protection. Too many people are getting hurt - scammed, exploited, and misled. It has to change for mass acceptance of digital currency to take place.