I don't know what are you going to say about this guys regarding "controllable anonymity". Do you think it's a good thing for Chinese consumers? As China is pushing to invest big time on blockchain by 2023, along with removing the "cryptocurrency mining" ban and circulating a Bitcoin article to their citizens, I think it's a good sign. I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner.
I love this new term coming from the creative genius of China: controllable anonymity. That is just a spin of an idea and what it really means is that the government is about to be controlling how people in China are spending their digital money. We have to fully realized that China is all about control and now the government has seen one of the biggest opportunities to expand its influence and clout with its people inside and outside the country.
There is really one thing I admire with China and its capacity to really smell a good opportunity even afar and its ability to make sure that the opportunity can be taken advantage of in relation to its overarching goal of global domination in many aspects and areas of people's lives. China know what it is doing and its vision can stretch for many generations to come.
Will this mean that soon Bitcoin can be recognized in China? Maybe yes, maybe no but for now things are pointing to the former as there seems to be a looming love affair between the leaders of this country with cryptocurrency. Now, if China will see that opening its market to Bitcoin is presenting another opportunity for control (not necessarily with Bitcoin itself) then maybe we can see Bitcoin to boom in China...soon.