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...
If China serious for created their own cryptocurrency I think will bring positive respond with bitcoin at the future, we can't stop the power on China investor with bitcoin, just few minute after China president want to adopt bitcoin as legal transaction, bitcoin suddenly fly to higher price, how if China want to regulated and created their own cryptocurrency at the future?