Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
China will make cryptobank at the future because they have agree for adopting bitcoin as legal transaction, after president of China want to adpt blockhain technology for their transaction I think just waiting few month later China will have bank support with bitcoin and altcoin, I hope many country will allow how china regulation to adopt and legal bitcoin as transaction payment.
I don't think that China will launch their own cryptocurrency bank because I think they will create their own cryptocurrency rather than just a bank. China will launch their own cryptocurrency so they can monitor the transactions of their citizen and of course, it would be centralized so they can control all over their cryptocurrency blockchain.