Quote from: avikz on September 09, 2019, 04:37:07 PM

Quote from: haseeb ahmed on September 09, 2019, 08:40:20 AM

China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?

Lol! No effect will come to the main crypto market! I am not sure about the correctness of this news thought! Because I am not able to find any credible news source that supports this news. I will be glad if you can redirect us to a reference.

But if in reality China plans to launch their own crypto, it will just a digital version of their own fiat currency which literally will have no relation with main crypto market! Even India is planning to launch their own crypto in coming years, but none of them will have any impact on the crypto market!

Here is the source of this information mate, but you are right though. i don't see how this would affect the entire cryptocurrency market as this currency i am sure is going to be regulated by the government. They should have opted to adopt the use of bitcoin or any of the major cryptocurrencies. This would have been better!