I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.
I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.
Are you seeing what I describe here? China is conquering the globe without using any sword...
Enough of this china topic. China will never ever create a real cryptocurrency. This country will never ever give enough freedom to its citizens. Having said this, the country will never ever create a decentralized system of currency that will provide all the billion and more chinese the power over their money. Can you imagine a country where the state holds all the power giving the power over money to its subjects? That is too ironic to happen in real life.