Quote from: Mantas_IUNGO on August 30, 2019, 11:59:22 PM

As it turns out, all the excitement may turn out to be a bubble. Or is it not? The Global Times refutes the claim that a central-bank-backed Chinese digital currency is soon to be launched. That's contrary to the recent news we've been getting. Let's see what happens next!

Doesn't excite me at all. They are offering their digital yuan so it's obvious that it won't put any effect on crypto specially Bitcoin. It was reported that they have to work very quick to go on production because of Facebook's Libra coin so I guess the competition is about centralise coin. And they probably doesn't want their money getting out of their country that's why they decided to launched their own. But then again, do we see any coin that is back up by government being successful? So there would be no net positive effect here, and I don't see it as being successful as well, IMHO.

Quote from: samcrypto on August 31, 2019, 08:50:05 PM

I dont know why there are some news telling China wants to have crypto in the contrary yet there are articles which stated they doesnt want any involvement with this. If you would notice, China is a technologically advance country and its more likely that they adopt rather than avoid it

I'm assuming that they don't want to get involved with Bitcoin. But as far as blockchain technology, they are really into it. (https://thenextweb.com/hardfork/2019/04/02/china-blockchain-projects-top/).