Quote from: kro55 on November 23, 2019, 08:33:33 AM

Quote from: crossabdd on November 22, 2019, 12:26:28 PM

yeep, china is only welcome on the blockchain. but remains controversial with decentralized cryptocurrencies. because bitcoin and friends can't be controlled. so China considers it illegal.
Bitcoin technology (blockchain) is indeed needed, so the Chinese government is planning to make their currency using the blockchain, and this is one way to block bitcoin and make changes to their transaction systems.

Chinese are very smart in controlling outflow of currency n info from their country. They have banned Google, Facebook and other tech giants from operating in there country. How can they allow BTC to operate freely in there country?

They already have technology companies and their achievements are no less than large businesses like Facebook and google. They will continue to create a miniature world in their country. Look closely, they have created works that look like the wonders of the world like the EFFEL-like tower model, the statue of the American goddess, other castle buildings.
They will create their own bitcoins and their government will find ways not to let the money flow out of their country.