Post
Topic
Board Economics
Re: What will be the effects of China's central bank declaring all crypto illegal?
by
TheGreatPython
on 18/10/2021, 19:11:56 UTC
I won't be surprised if new internet and cryptocurrency privacy is developed because of the Chinese. There is now a market of potentially 1 billion people who want internet and monetary secrecy. Even if only 1 percent of the Chinese people want/need privacy crypto and internet that's a market of 10 million users! The CCP has planted the seeds of the rebellion that will throw them out of power and they don't even know it.
For the exact same reason, experts are always suggesting about cryptos are always beyond the control of any kind of regulations. Because, people will innovate new things so that they could easily pass through those regulations. This had happened in the past many times and I believe it will keep repeating in future as well. The ban from China is not a new thing for Chinese and definitely they must have developed a solution to continue enjoying cryptos and its better benefits.

Digital yuvan may not fit many people for obvious reasons like privacy and freedom that will definitely make lots of people to start adopting crypto again.