Post
Topic
Board Economics
Re: China launching its own crypto currency ?
by
ufaiz50
on 16/10/2019, 16:24:20 UTC
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 ?
China makes digital currency for use in that country, I think also we cannot use the digital currency that they make other than in China. From the start they banned bitcoin from protecting their citizens, now they are developing their own digital currency technology for their citizens, for sure there will be regulations later. Bearing in mind that the Chinese state can be said not to tolerate fraudulent acts which are detrimental to the state, so the regulations will be severe. It will be very difficult to think of the impact if the concept is in fact difficult to imagine, we do not know the purpose of China to create a digital currency for what, maybe there will be some small impact, after that just wait for the actions of the Chinese state.