Post
Topic
Board Bitcoin Discussion
Re: CHINA is against the crypto But JAPAN is Supporting crypto echo system .
by
Wind_FURY
on 15/08/2022, 05:47:05 UTC
China is known to be a technologically advanced country, therefore it goes without saying that they will benefit from cryptocurrency as it becomes more and more popular. China has already benefited greatly from the bitcoin industry, and since they want to keep things separate, I believe this is the reason they have stopped investing in it. That is why China has banned cryptocurrency use, whereas Japan has made it legal.


I'm not trying to offend you, but the post shows that you didn't get the true context of how China's people benefit, or will benefit if they adopt Bitcoin. You must first understand the basics of how Bitcoin functions to also understand what it is/it can be, and its impact to society. In China, if enough of its people adopt it, Bitcoin is "freedom money" that can't be censored, and China being a Communist country can use currency to control its citizens. CBDC.