Ninjastic
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Board Bitcoin Discussion
Re: How does the adoption of China affects the crypto market and blockchain industry
by
k@suy
on 04/11/2019, 14:32:47 UTC
Quote from: Jayson (Torum) on November 04, 2019, 09:51:15 AM
A week ago, President Xi of China has urged the Chinese to seize opportunities in the crypto market and blockchain industry. The announcement caught the market by surprise and drive the price of Bitcoin up until $10, 000. I personally believe that with the participation of Chinese, it is undoubtedly that the adoption rate would be greatly increased. But, wouldn't it subject the Chinese projects to be under the influence of Communist Party of China? What are your thoughts on this one?

Reference:
(i) https://www.coindesk.com/president-xi-says-china-should-seize-opportunity-to-adopt-blockchain
(ii) https://cointelegraph.com/news/breaking-chinas-xi-jinping-urges-accelerated-blockchain-technology-adoption
(iii) https://cryptoslate.com/crypto-community-divided-over-chinas-blockchain-law/
we all know, that China is one of the most influential country in the whole world, chinese are good bussinessmen and investors, they know how to manage, regulated and make more money than anyone in the world I think, seing China has already shows their interests in cryptocurrency and blockchain could be an eye opener to its partner countries, neighbor countries to take a look for this thing that can help the economy.