~snip~
If you have heard that people in zimbabwe are already using crypto as means of payment what does that sounds like to you? adoption, its already happening around the world and now china is making it more easier, becoming mainstream won't be hard anymore from now on
Inspite of regular news around crypto adoption worldwide, its worth mentioning this kind of news -
CEO of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet, which tends to undermine crypto adoption among emerging economies adopting crypto like Zimbabwe.
Considering the fact that the Chinese Government are now pro-bitcoin and pro-cryptocurrencies,
If I'm not mistaken, the Chinese Government had not specifically stated that they are now pro-bitcoin, rather, they are gearing towards full commitment on harnessing the benefits of blockchain technology. And with this, they did announced their plan to released a state backed stable coin so technically I think they are now pro-crypto yet only favors their own, giving less importance to other cryptocurrencies in general. Imho.