Quote from: milandres0207 on September 16, 2019, 03:40:09 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 ?

If that will happen, the no. 1 who will get benefits on it are the citizens of China of course.
But it will be controlled by their government for sure, due to it will be regulate in the end. the government won't
allow to be happen without the benefits they could get from it. But as of the moment, it is still not implement right?

We dont even ,ind regulation now, because with regulation, it would be hard for scammer or hackers to scale through, one of the countries that is really trying in eliminating corruption from their country is china, although there is still corruptions there, but it cannot be as much as it will be in other countries. If china creates their currency, before we condemn it, we will just wait a little and then see what they have to offer the public through the own technology just like every other altcoins has.

The only coin that I know that china coin cannot compete with is bitcoin, because even if people would use china coin, they would still like to use the most popular one also which is bitcoin, except maybe china will place a ban on btc which I believe it is impossible.