Quote from: Wapfika on October 02, 2019, 11:07:47 AM

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 it will be like Libra , which have rumors that can cause identity revelations for users then that's likely a China thing tats why they decide to create their own cryptocurrency, they may put many restrictions on it or limited only in their country. I hope it will give a better market once released if they will not limit their operations in different exchanges and applications. It's a good news to many Chinese who really long to enter cryptocurrency legally.

We cant consider for it to be called as a cryptocurrency yet it would really be a heavily centralized one,knowing China where they do love
to control all sorts of things.They have created their own choice which clearly means that they dont like on following other crypto as well where
they dont have the power or the control of.Instead they do make on their own to implement such lacking things on the current crypto market.
I doubt that this wont release on public and would just be focusing for their own economy but we know on how China handle out things specially it do
follows capitalism.