Quote from: orions.belt19 on April 03, 2018, 11:52:28 PM

Quote from: ecnalubma on March 16, 2018, 05:16:26 PM

Quote from: The BlockRx Project on January 25, 2018, 07:22:01 PM

Chinas government is starting an all-out war against bitcoin and other digital currencies by banning fundraising through initial coin offerings and shutting down all mainland digital currency exchanges?

Its kind a hard to tell where the stance of Chinese Government is heading at this moment. They are showing signs to embrace blockchain technology but they are uncertain with cryptocurrencies, maybe this year the game will change and their tone against crypto will be more welcoming.

I wont call it an embrace. They may have not totally banned crypto, but they want control adn regulation over it - which is not a surprise. They want to have and utilize crypto, but they want it to be under their control and regulation. They will benefit and profit from crypto however their government will not allow such a decentralized wntity to run free within their country, not under their watch at least.

Chinese economy is very well known because of their hard working people and a lot of them are business minded which is a great impact to their economy while making and selling their very own products. I think the government of China are alarmed that those people who make and sell products won't work again because they are now selling a digital money/cryptocurrency.