Bitcoin Forum

Chinese has been feeling very enthusiastic about blockchain lately!  The Chinese government may not like cryptocurrencies or in fact Bitcoin, but they sure do like the Technology it is based on.

Know more what China is doing with Blockchain https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/ (https://www.globaltechinsights.com/blockchain-bitcoin-whats-happening-in-china/)

China does not have any desire to pass up a great opportunity for any huge innovation incline, as they put huge in man-made artificial intelligence/machine learning since it is an undeniable wagered on the future and a moderately low hanging organic product. Blockchain technology saw its first official mention in China in 2016. In addition, Blockchain is seen to be one of the key innovations that could help China to lead in the digital economy.

One of the root causes why the Chinese want to take advantage of Blockchain technology is of course money. Chinese are what I say a natural born businessmen and they have an eye for oppprtunity. Just take a look at how some local Chinese companies are creating their own version of the products seen in Kickstarter websites. This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future.

Knowing Chinese people they are very careful to make decisions specially when regards  to money matters. There are true  businessman and businesswoman. They prepared to live with a priority of business making. They are not easily involve or undergo in any system that they not absolutely sure what it is.  I believed also that they will see the brighter future using a blockchain technology and it will help it to their businesses.

The reason why blockchain is highly sought after, based on blockchain technology can not be tampered with, traceability. Can solve the trust problem in daily life!
China is a populous country. The development of blockchain technology can reduce a lot of capital and operating costs, and increase transparency and office efficiency.

It is true that China is very enthusiastic about Blockchain technology, because I think blockchain is a very advanced technology and it will be very useful for the future and progress.

Because blockchain is very good to apply or also used in data collection and it is very important for future progress and should country all over the world also better use Blockchain technology.

Yes, china will not pass this great opportunity of earning huge profit by supporting and using it. I think this is the outcome of how they want to regulate the cryptocurrencies and they already discovered huge potentials.

Because blockchain as part of new technologies gives benefits for the country to growth their economy stability using the computer science how to make fast every transaction because of the blockchain.

It's true and I think their level person is very understanding and knows about future progress using Blockchain technology, and that way they are very enthusiastic in Blockchain technology.

because blockchain technologies help to solve many problems and built better and fairer things!
china is a cleaver country! the Banned cryptos in order to not permit their capitals to comes out the country but they still want the technology behind all of it!

Not just China, every major country is paying attention to the possibilities of Blockchain. It's like 'Internet 1993' replaying at a screen near you; and you don't want to miss out on all the goodies on offer.

That said, they make a sharp distinction between blockchain and Cryptocurrency. Putin has already stated that Cryptocurrency is incompatible with the concept of a national, fiat currency. That's the road the rest of them will be following, especially the 'hard state', nationalism-minded ones.

China was giving importance to blockchain it simply because they know that it can help to them and to their businesses. Chinese people are not easily involve in anything that they known that it couldn't give helps to them. They smart enough and born to be a business owner so they know what will be the best for their businesses. Blockchain can gives a lot of benefits to them and it can make their businesses much successful because of it.

Because Chinese people always seek for opportunity, the reason why they are Interested in Blockchain is because of the technology and the potential of it being used in many things and once it does, it will be very profitable.

Because China and Chinese people, especially those who came first to bitcoin and mining it are forward thinking. They think about the future. And saw the benefit and the role bitcoin will play in the future while other people and countries are catching up. That is the reason why in the future, it is definite that China will be the number 1 super power. The US is in decline. We will see in a decade or two.

Perfectly right mate,Chinese is known to be silent but dangerous as they are competing the world with innovation and technology,and with blockchain they know that  being number one will come near to them not like japan that adapt cryptocurrency specially bitcoin,chinese will only use this technology for their innovative plans and no interest in cryptocoins.

The reason is pretty obvious. It is because the block-chain technology itself has the potential
to change the world and how we see monetary usages. I believe that one day, there will be
countries that would be creating their own cryptos that are fully centralized to enjoy the
benefits of being in a block-chain technology without the risks of money laundering or crypto
related crimes that are hard to solve.

that's a no-brainier. anyone who is in the midst of the power of the centralization is not going to like the decentralized currency which is bitcoin. it has nothing to do with China or any other country. the only important thing is that bitcoin is free to be used in China.
as for blockchain technology everyone likes that because it is not only a new and good technology but also it is hyped up so when you use it you can benefit from that hype too.

China is gradually catching up with the leading world technologies that is why they are giving importance to Blockchain of course they knew the impact of this technology as a solution to the societal problems and they will try to harness and tap all the key areas and deploy it as a solutions to those problems.

China is thinking more forward than the other countries. China sees the benefit and the role bitcoin will play in the future.

China quickly understands the state of Affairs in the world of Finance and this is respected.Enterprise and mind of the Chinese can serve as an example.That's their attitude to the cryptocurrency confirms this.

They knew the significance of technology.  Although bitcoin is decentralized and cannot be controlled by a government, they are well aware about the technology behind and they knew this is the next big thing and they cannot stay behind the race in adopting the blockchain.

China is getting interested in blockchain technology although they will totally prohibit the bitcoin and cryptocurrency. Blockchain technology is the new technology that China want to explore.

Absolutely. One must keep up with the times in order to day ahead. Who wants to be last and look like a loser? Blockchain tech will benefit many industries, making countries more productive and efficient. Blockchain along with virtual currency will be dominant players in the future.

some of the comments are so funny in this topic. now that this completely random news written on a completely random website which is a pure click-bait is talking a little positive about China everyone is so happy and they are saying how China is so good and positive towards everything crypto related.
it just shows how random people are on bitcointalk with their comments! no long ago the same random bullshit sites were saying China banned bitcoin and everyone was commenting on how China is against everything crypto-related!!!

probably because China knew that blockchain is the future transactions . personally I do believed if this crypto system going strong continuously blockchain will have important role to our ecosystem.

Bitcoin for China is a way to establish dominance in the world, I think it is expected

It is not only china interesting in blockchain technologies. Every single country are still trying to get more informations and experiences with blockchain systems because it is still new and needs time to settle down.

China is a big country, they understand the importance of technology, recognize their trends and embark on much of the work needed for what they undergo is decentralized and uncontrollable. By the government, they are well aware of the technology behind and they know this is the next big thing

Blockchain has been in existence for quite a while but no adoption to it until recently that Satoshi utilized the technology to make blockchain... It is an awesome technology that can take easily financial affair of any country.  Am not surprised hearing China is improving itself on adopting the technology.

Yes, china believe that Bitcoin will be more important in the future, so China keeps supporting this technology due of this blockchain might them to be more powerful country in the future.

One characteristic of the blockchain is that it cannot be tampered. For China, which has a large population base and is difficult to control, it is convenient to query and count certain things, and better form a credit mechanism. This is why the Chinese government supports the blockchain.

because China need blockchain to make economic in china growth.

China is giving importance to Blockchain because China is home to the most Blockchain patents in the world, gradually defeating global economies like the United States and Japan. In addition, the Chinese government has spent $ 1.6 million on the Blockchain Foundation to promote more projects in the encrypted space.

Because that is the way that it should be, dont you think? China has always been fighting with cryptos and they decided to regulate it in a hardly way, that is why every chinese citizen has to be an accredited investor before inveesting into an ICO

China is very developed country and I don’t think that it leave any opportunity to introduce any new technology in its nation and I think block chain is a very developed and very Morden technology and it will surely bring boost in development of any nation where it will be introduced and I think China understands this thing and wants to introduce it in its nation and I also know that why they hate bitcoin that much because of its illegal use I guess then it’s being in so much of controversy that no country wants to legalise it.

Because China is a huge economy, if the block chain can enter these industries, it will surely enable China's economy to develop and integrate better.

I agree. China is always on the look out and is always running after innovative technology that can help their market gain more strength and leverage against other market systems like that of the United States, the United Kingdom and other big economy counters that might threaten their power and economy. Blockchain technology is one of those so-called technologies, which I think is the reason why, at one point, China has banned anything related ventures related to other cryptocurrencies except those originating in their country so that their own cryptocurrencies would have a head start.

The good about crypto is that it is new technology so anyone can get ahead if they stat early. China needs to start now in order to get ahead of everyone else i.e. USA, Japan, Germany, there is no excuse for failing to join the blockchain revolution

China is giving much importance to blockchain because china is finding new way to earn money from this technology because chines peoples never do anything without any reasons they know this technology is good for their economy and they will launch their own products using blockchain.

because blockchain is the supplyer of china in currencies

They see real potential in this cutting edge technology. And of course, with the right approach implementation of blockchain can bring good money.

China is not alone. Most countries around the world attach great importance to blockchain.
Encrypted money markets, however, may be an effective way to transfer assets, but China is a corrupt country that does not allow this to happen.

Is the number of Blockchain participants in PRC?

CCTV has mentioned that the economic value of blockchain is "10 times more than that of the internet." overall blockchain has expanded greatly in China and they are planning to give funds for research and development of technologies infrastructure

China is a country that makes up one-sixth of the world's population. Everything that happens here will have a huge impact on the whole world!
So China is very important with blockchain technology!

I think there's just an interest like many other countries. Not only is China interested in this.

China is dumping cryptocurrencies while adopting the technology behind it.

These are China related news about cryptocurrencies.

China’s Central Bank States Crypto Ban Is A Huge Success (https://coinfrenzy.io/chinas-crypto-ban-success/)

Jack Ma Embraces Blockchain for Ant But Warns of Bitcoin Bubble (https://www.bloomberg.com/news/articles/2018-06-25/jack-ma-embraces-blockchain-for-ant-but-warns-of-bitcoin-bubble)

Because Chinese investors are holding a large amount of Bitcoin and they are the most dignified Bitcoin.

I don't understand why they don't like Bitcoin. I think is not true.
May be they try create own / China crypto market (based in China only)

As far as i know , the public has been very much enthusiastic from the beginning but the government has imposed restrictions.
i think that there is a lot of going on behind closed curtains in government level and in private sector and everyone is waiting what will gov do in order to stat using blockchain.

all smart people and companies have long understood the big pluses of the entire crypto system! China is one of the first countries to become a lawgiver in the crypto market! Today there are a lot of Chinese projects, but there are already so many countries that want to take the lead in the crypto system!

I am not surprise about this. Even those who do not like Bitcoin and Cryptocurrencies due to the very high volatile nature cannot hide the fact that Blockchain technology has a lot of benefits due to its decentralized nature.

already very many countries have chosen their own way in the development of the crypto world! I am sure that this is the future! all bans will end sooner or later, all countries will legalize crypto coins around the world! this is a new payment system and everyone wants to manage this money! India today appointed for September 11 collection, on the abolition of restrictions on the crypto market! and this is only the beginning!

Blockchain technology is an opportunity for all countries. China is a big country. In recent decades, China's economy has achieved great success. Such a big country will surely pursue new technologies.

In regard to chinese government's cleverness to develop it's people's uplift to their country life style with global economy of her citizens both country and her people develop in same time. How long the citizens have to struggle to uplift their life style in life the country too have to face difficulties.

China certainly did not just forbid the crypto currency. I agree with you that the Chinese are very fond of the technology on which the crypto currency is built and most likely China wants to issue its own crypto currency and that is why it banned the use of others.

I think they see the future of it blockchain technology is much more powerful and you will see the product of it just example of it bitcoin not just cryptocurrency.

China has seen the potential of the blockchain technology and the laws are being regulated,  China says blockchain is a critical part of the technology revolution.

We all are aware with the earlier status of bitcoin that how much it was criticised and there was no one who wants bitcoin to be legalised any where but as soon as people come to know about the bitcoin and it’s po then they started approving it and then the time has come when many countries has legalised bitcoin in their nation and has made bitcoin transactions legal in their nation and the same is with China , earlier China was in against of bitcoin but now it is very enthusiastic with the Blockchain technology.

Fair point. And that's true for everyone because no body ever gets involved in such a risky market without having the confidence that it would benefit them in the future.

It is well known that China is one of the largest emerging markets, part of this is due to the fact that they are somewhat quicker to adopt new technologies that might eventually set them apart from the rest of the world.

Really friends, they are very agile to see opportunities that produce money.
We can see that they are wandering everywhere. And in my country, most of the entrepreneurs are people from China.

yes, China is smart and they are trying to be the pioneer of adopting blockchain tech to almost every field possible.

China is giving importance to Blockchain because China is home to the most Blockchain patents in the world, gradually defeating global economies like the United States and Japan. In addition, the Chinese government has spent $ 1.6 million on the Blockchain Foundation to promote more projects in the encrypted space.

China is a strong country and takes a high position in development, and to become an even more developed country with a strong economy, one must keep pace with the times and develop new technologies.

The Chinese government is very. highly appreciated blockchein technology, although it negatively relates to decentralized crypto currency. Now in China, the largest number of patents for the introduction of blockchein technology. Therefore, the government in every possible way encourages the introduction of this technology. But on the other hand, there was information that the Chinese government has developed a two-year program to completely ban decentralized crypto currency and its first phase is completed in June next year. Until now, it is a little incomprehensible that the Chinese government is going to offer instead of decentralized crypto currency. After all. this vacuum vseravno need something to fill the bulet. Simply prohibiting crypto currency will be ineffective.

I am generally amazed and admired by Chinese and Japanese manufacturers and developers, they have always been the first in the industry, even if you remember who started to accept bitcoin ?! Japan )

Decisions based on the blockchain will become even more viable due to the high-tech updates supported by the Chinese in the field of supply chain management.

Perhaps, the Chinese government wants to confront bitcoin, they want to deal with bitcoin, and they care more about blockchain technology because they want to create more technology like it. If they do that, they will create cryptocurrency based on the technology they create.

Recent moves by China show that the country has begun to change its approach to the world of electronic money and blockchain technology.
China has led the world in the number of blockchain-related patents - 225 patents, followed by the US with 91.

China is one of the leading countries around the world and they are giving importance to Blockchain there must be some thing big that they can predict but other countries can't.

Yes, China attaches great importance to new technologies, but the chainblock without token incentives is incomplete. I think it's very contradictory for the Chinese government to worry about not controlling resources well when it wants to develop new technologies.

China is one of the leading states when it comes to tech innovations, I'm sure they don't want to miss on blockchain that represents great change when it comes to databases.

Chinese people are openminded. Thet like blockchain technology because they see something with this that will help improve their country for sure.

China does not have any desire to pass up a great opportunity for any huge innovation incline, as they put huge in man-made artificial intelligence/machine learning since it is an undeniable wagered on the future and a moderately low hanging organic product. Blockchain technology saw its first official mention in China in 2016. In addition, Blockchain is seen to be one of the key innovations that could help China to lead in the digital economy.

One of the root causes why the Chinese want to take advantage of Blockchain technology is of course money. Chinese are what I say a natural born businessmen and they have an eye for oppprtunity. Just take a look at how some local Chinese companies are creating their own version of the products seen in Kickstarter websites. This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future.

          Blockchain is the best known technology in Bitcoin since China wants to be the World's top one in technologies they give importance to Blockchain technology .The 13th five year plan of China they have decided for the development of Blockchain technology from 2016 to 2020 . According to the Chinese researches they claim that The majority of the blockchain projects have a short span of life .While China banned  ICO's  and  crypto  trading in the country they seemed enthusiastic in Blockchain.

Chines peoples are too smart and they never do anything without any reason, china is not accepting bitcoin and other cryptocurrencies but they are interested in blockchain technology because they are planing to launch their own cryptocurrency against bitcoin so they can attract more investors and that will be helpful for chines Economical growth.

This is one of the reasons why I believe that bitcoin would not be the first plate cryptocurrency above all because countries will sooner or later understand that cryptocurrency is not all about Bitcoin, there are so many others.

That's the reason behind them banning bitcoin as they like blockchain but they don't like bitcoin because the Chinese government couldn't control bitcoin so they cribbed it out and just adapted what they liked that it the blockchain. That's also worse than India as it has just banned the banks with dealing with the virtual currencies and not the virtual currencies themselves. So there is some room for acceptance of cryptocurrencies in India via peer to peer method of selling or buying crypto.

Its very good to see that China is supporting blockchain technology. Its a good step in the tight direction as this is an innovative technology that is set to change the world. This is a good news for blockchain as a whole

China in that kind of country who give importants to only those subject which bring benifits or become a great future and i think they got this quality in blockchain.

Chinese want to take advantage of Blockchain technology is of course money.  This is what they are also doing with Blockchain as they know that this has a potential to give them a lot of money in the future. and may be they will use blockchain technology in artificial inteligence to make many things and make their economy stronger.

because China understands the true stumbling block chain and the whole uniqueness of the mechanism of its work and the simplicity of its work and use!

china want to deal with blockchain and want to become the leader of the blockchain they are giving a rating for all blockchain technology coins and tokens and observing closely we can expect govt supported blockchain projects

China acknowledges the decentralization of pre-coding as a threat to the financial and monetary systems, but the Chinese government is still working to fund local Blockchain projects because They have captured the technology of Bitcoin. The Chinese government has repeatedly stressed that Blockchain technology has the potential to disrupt the global financial architecture. They acknowledge that Blockchain is a breakthrough technology that can revolutionize a wide range of industries including finance.

Not only China but all countries are starting to enthusiastic about blockchain, the governments like the technology because it can help a lot of dispute, and it can be used to proved a transaction, the technology got a lot of potential that can be used in a lot of sectors, the government love the blockchain but not crypto currencies

I think one of the reason is china has a very large community in crypto. Their possesion with cryptocurrency or bitcoin is one of the biggest.
So i think china will be the benchmark of the crypto in this world

Even if some countries hate cryptocurrency, they can't deny the fact that blockchain is the future. You can integrate blockchain into almost every business in the world without using cryptocurrency. Hyperledger is an amazing technology.

china want to become world leader in blockchain and they are working on it by providing all information on crypto currency beneath blockchain technology

block technology was born and has contributed significantly to the development of science and technology as well as help to manage the hierarchy better.

I think that the Chinese just understand the prospects of technology and try to implement it.

China is a country that dares to change. They see in the blockchain a revolution and they cling to it. The Chinese understand that this new revolution is scary for many countries, these countries do not dare and do not want to change. The economy must remain under the control of the government and hinder this new revolution. People have understood this and are increasingly interested in cryptocurrencies. They understand that they can become independent and that the banks will no longer have the power. A lot of law is starting to be created to be able to keep some control. China has understood for a long time that change will be mandatory and they are working hard to be the first.

Some time ago, the PRC government took a wait-and-see attitude towards the blockade and crypto-currencies, but today the People's Bank of China not only conducts developments in the field of blockade, but plans to issue its own crypto currency.

We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over the bitcoin activities and more specifically the illegal one and thus most of the countries are hesitating in legalisation of bitcoin in their nation but still there are few countries who has understood well the fate and potential of bitcoin and legalised bitcoin in their nation and now experiencing a great boost in the development of their nation and I think that is why China is also showing interest in Blockchain technology.

I think that it is a good sign because China is a country where they know the real price of innovations. To my mind, this is a great system and soon it will be used everywhere. I think that Chinese understand that it is a smart technology

It's all about money because business is already flowing in their veins since they were born. They are so good at making things from their own and also making something out from an existing one and make it more better using reverse engineering. No wonder why they are giving importance to blockchain because they know it can help them to make more money that can improve more of their economy.

All because it refers to revolutionary technologies.  Block chains are the technology underlying the Bitcoin crypto currency, which is characterized by high security, transparency and resistance to change.  At the same time, block circuits have much more potential than one that can be implemented in digital currency.  This technology makes transactions between two objects possible without an intermediary in the face of the clearing center, which significantly reduces the time and cost of the transaction.  Moreover, when combined with "smart" contracts, block-chain technology allows you to automatically issue digital securities and trade financial derivatives.  For example, the insurance industry has a great potential, which can offer new opportunities for the application of block-chain technology.

I see that the Chinese government has great potential to receive crypto in the future, if the Chinese government maintains fiat and bans crypto, then the state of China will not be able to compete with other countries, and every aspect of government, economy, military and others.

maybe in addition to what you have to say there is more to be the reason why China is enthusiastic because technological progress requires all practical efficiency and speed and one of them is the blockchain system itself

China is only interested in blockchain technology and gains from blochain in science. China may not want bitcoin as its currency or want to create its own crypto currency.

The Chinese state corporation from the sphere of rocket and missile weapons, China Aerospace Science and Industry Corporation, announced the introduction of blocking technologies in the field of electronic accounting.

They believe it can effectively track data and to ensure their authenticity and this is important. :)

Chinese market will be the next market boom in crypto fever. Blockchain is believed to be the next large speculative field in China. The ICO ban and trading platform are temporary. China knows that blockchain will become a factor in changing the world. When China opens its doors to ICOs, the development of the blockchain industry is undisputed, as it seems to have set the blockchain industry. And with the possibility of rapid economic development. These are some of the most influential corporations in China: BitMain - NEO Council - OnChain.

They are interested but it's not the technology for them currently, they want something to suppress their people. Something to keep them from being free, bitcoin is not that.

I think it's an attempt at domination in certain areas.

I think it shows how advanced the people of China are. They understand that cryptocurrencies are the future and are ahead of us in this race of blockchain adoption.

Winning the blockchain race and applying the technology to their One Belt One Road Initiative (OBOR) will allow China to neutralize America’s global influence.

I think China is giving importance to blockchain is it because China is one of the developing country of the world in terms of technology.

China is always taking advantage of every opportunity in technology to develop. And the blockchians are no exception, they can make a lot of money out of them why they are not, while China is also a country that can be called a leader in technology development at a fast pace.

The blockchain technology is itself such an important part of the internet that not only China but many other countries have started to recognize it's true potential.
China has been in the crypto space for a long time and since it holds a majority part of the mining operations, China is considered to be an important country for the crypto space.
Despite it's ban on cryptocurrencies it is still operating mining and crypto to crypto trading which shows us that if China is giving so much importance to blockchain and cryptocurrencies then there must be a bright scope of future for blockchain and crypto.

China is not the country that created Bitcoin and Blockchain, but it is the largest investor in the world, and the capitalization of that country is also high, so China is considered a country with The most significant influence in Cryptocurrency.

China slowly wins this world without any war or agression. They are smart people who use their brains in the right way. China is number one in technological sense already and Blockchain technology is also in this list, they see a huge perspective in its use, that's why the interest is so big.

I think it is because the blockchain technology would be very useful to the financial sector in the future, and China would surely want to be ahead of other countries in adopting new technologies, this would allow China to gain an important position among other countries in order to become one of the financial powerhouse in the world.

China wants to have their hands on all the new technologies.  They want to make sure they don’t fall behind the Western countries.  There is a race towards global dominance and the Chinese want to be part of that conversation. 

Japan has already adopted bitcoin and crypto, if China does not do the same they will fall behind their number one competitor. Something they do not want to do after building up their economy to the powerhouse it is today.

We all know that Blockchain is an extraordinary technology. A technology that can create a centralized system that has a very high level of security. I think that the Chinese government is not wrong in making decisions, the right use of blockchain technology will make a country one level better than other countries. China will start and I am very confident that more countries will implement the Blockchain System.

most Chinese people today don't use paper money anymore and prefer cashless
source here: https://www.ft.com/content/539e39b8-851b-11e8-a29d-73e3d454535d
that's why they are very enthusiastic about the presence of bitcoin and blockchain
the blockchain will help the financial system there

Importance of Block chain is very important to this age i think that is why China is considering it and doing their best to understand it, It has great potential in the future, This will tell us that Block chain will have a big role in the future of Currency holdings.

China government investing a lot money in digital world. I am believe they sees blockchain technology as an opportunity to expand their services and bussiness. Blockchain technology increasing eficiency and its cost less.

Knowing chinese, they are so business minded. From the old times they are the one who are very good in knowing the opportunities in their environment that they can earn money. Here in our country, the richest people are the Chinese businessmen, and the nationals are the one who are the workers of these businessmen. I think they see blockchain technology as an opportunity to create money and maybe the reason why they do not adapt bitcoin is that they do not want to compete with it but to create their own so that they will not have competition.

Yeah you're right, the Chinese government might have realized how beneficial it is to use blockchain technology for their business.
and I don't think it's just China, in my country there have been a lot of seminars about blockchain usage, and it's been publicly distributed
http://i68.tinypic.com/bi5i5t.jpg

Chinese will want to have a bit of everything and then be good at it. Examples are the great technologies from Germany and Europe. They imitate it and let Germany and Europe verify and test it.

In these kinds of technology, large countries like China wouldn't just wait, they would want a piece of the cake.

In China, the first time Blockchain Technology was launched in 2016, the largest investor in the world is in China, so China is considered the most influential country in Cryptocurrency.

https://twitter.com/cnLedger/status/1055623228335378432?s=19
that twitter is bsacily saying china doesnt ban btc doesnt it
seems lot of interesting thigns are setting up

because blockchain technology is very safe and very transparent so it should be interested in blockchain technology, and cryptocurrency should be able to be used to benefit their country rather than ban it and now bitcoin has also been accepted in China.

Blockchain is basically revolutionary. It is mostly used in security and now it can be integrated into a lot more. We can see different platforms that use Blockchain as their building blocks and they continue to develop their platforms by further studying what Blockchain can do. China has one of the most advance technologies ever developed and they are utilizing the use of Blockchain in different platforms.

So that they can squeeze a high tax rate on the incomes

I think China knows the positive side of blockchain technology used by bitcoin, which can be used in all areas of life by increasing efficiency and eliminating corruption. Because these two elements make the competitiveness of Chinese products increasingly competitive throughout the world.

Because China foresee that block chain would be the next revolutionary technology in the virtual space and they want to maximize its usage to boost not only their economy but show dominance in the world in terms of block chain usage.

Because they know that it is a good technology, china wants to be one of the top countries that will be consider as early adoptors because they know that it can help their country to be wealthy in the future.

If China is doing something probably it is in right way.. I have been in China and saw the how the people work and saw their patience with passion. So they can do anyhing. If you look statisticly it's the same. The China has holds %29 of world bitcoin in their hands and it is enormous ammount of percentage for one country. I believe that their interest for the bitcoin and the cryptocurrency will raise and they will lead the world on this like many other things..

China is giving importance to Blockchain because China is home to the most Blockchain patents in the world. Enterprise and mind of the Chinese can serve as an example and China has always been fighting with cryptos and they decided to regulate it in a hard way.

There is a market that has been neglected by the community for a long time. And that is the Chinese ICO market. However, do not blindly hurry to invest immediately, please patience to read to see why this is a gold mine has been buried long ago. The evidence is that some projects can be seen as extremely potential coming from the Chinese market. This article also provides an overview of the Chinese blockchain market. We may be familiar with the big men in the West such as Y-Combinator, America Express, etc. When these companies announced their cooperation, they started to make a big impact. But, there are similar giants in the Chinese market that most of the community does not know. Therefore, in order to accurately assess the value of these projects, we should also have a certain understanding of the Chinese market.

Governments are beginning to recognize the potential of blockchain technology in the security arena
Not only does China value the blockchain, but the whole world values the blockchain!
Blocks can change our lives!
Whether from the government or the enterprise, the interests of the blockchain are enormous.

Not only China, but many other countries are also praising this technology. Our country might have banned fiat-crypto trading, but even then they stated how important it is and can it be in the upcoming future. I guess every country which might have restricted the usage somehow maybe because of increasing frauds and scams, to maintain and safeguard their citizens, but also possibly to impose a tax on it. I think they were never against it.

Cause i think they a lot of potential in blockchain so that's why and we all know in the near future blockchain will be the one we are using

even though the blockchain technology base is not in the country of China but Chinese citizens are very interested and they deepen their knowledge about blockchain technology, so those who are smart are very influential on the development of blockchain technology.

I think you overestimate the clock, most likely with their help will dig up to a new level of complexity and all, again will barely dig. For the first time and possibly much kneeling, but then again will recover and will grow if nothing bad will happen.

I think because they see the potential of cryptocurrency. Or the blockchain. But the bitcoin is not the thing they like because Chona wanted to be dominant in all aspects that is why they think that of they create their coin, it will bring them on top. The Chinese government see how enthusiastic their people.

China always put high priority to technology. they heavily rely on tech to empower their economy and control over their population.

I have read many articles about the block chain and it's impact on the world so finally i realize that block chain technology is the new technology which linked the world currencies to the one currency and that is crypto and i hope that China is giving importance is good for the future of crypto and if they don't realize that bitcoin is valuable to them, and China will be the first one who will allow crypto for future and it is the future to every person if they realize it and keep this with them.

I think because China is a big country with rapid technological development, besides mining in China, is also quite large compared to other countries. Although yesterday had banned Crypto but finally re-legalized Crypto, see the link: https://news.bitcoin.com/regulations-roundup-shenzhen-court-recognizes-bitcoin-coinbase-lawsuit-dismissed/

China is home to the world's most massive whales, with whales that have a significant influence on Cryptocurrency. It can see that China is an integral part of Cryptocurrency and its existence depends on China.

China  is an ambitious country, they never see enough, so they will take advantage of all that can benefit them. And Blockchain is no exception, they appreciate it and use it effectively in their lives to make improvements to human beings.

China is a tech enthusiast. Are you aware that they want to be the world leader in artificial intelligence? So it’s not surprising they would adopt something as revolutionary as blockchain technology. I won’t be surprised if they find ways to merge both technologies.

Blockchain can be utilized in several ways to bring solutions and that is what the Chinese want to do although the government is not in support of Bitcoin. I would not be suprised if China retrace its statements against Bitcoin some years to come when they realize Bitcoin is booming in different countries.

china is a country that believes so much in technology, that is why so much money is spent on research and innovations. They have seen the benefits which blockchain has to offer and are willng to adapt and make proper use of it.

China has a lot of development groups related to Blockchain! China has the largest population and occupies a large proportion. So! It will affect anything that is happening in this world!

no they dont , for your information china is verry strict country and recently i heard a lot of bad news regarding banning cryptos on china . that is why i dont really think that they are giving importance to blockchain or in cryptos because they are too selfish , they only think about thier selve's  . anyway , china isnt a loss to cryptos/blockhain because there are still a lot of countries that still accept and legalize the use of cryptocurrencies .  one of those is our own country , we give importance to cryptos/blockchain because we know that it can give us a good future .

China is the first country have allowed for using bitcoin as transaction payment, China have more stronger power for giving space to bitcoin and altcoin become to higher price, many investor come form China and make bitcoin and altcoin are popular in the world.

China is a country that always accepts anything if it has advantages for its country, such as bitcoin which has many advantages for its holders, and also blockchain

China is one of the industrious countries when it comes to business. It is seen as the opportunist country, always already to capitalize the least opportunity at their disposal. Although China has banned Bitcoin, it still sees greatness in Blockchain and intends to utilize it for the betterment of their economy.

well given the population there. anything can be seem important.

China has always been a fast-paced country that always ready to adopt new changes. This is why it is also welcoming blockchain technology. Both businesses and common individuals realize its potential and this is why they are trying to understand both the concept and the many applications it can have. I think its safe to say that China will be one of the first countries that truly start using the blockchain and crypto in reality.

Chinese people feel well received by the blockchain lately! The Chinese government is very dislike of cryptocurrency in Bitcoin, but they really like Technology which will be the future of digital money technology.

China is a major player in the Bitcoin market, hosting a substantial share of Bitcoin miners (in 2017, it was estimated that 50 to 70 percent of Bitcoin mining took place in the country) and Bitcoin trading volume, although both factors used to be more impressive before a wave of regulatory suppression. At the moment, cryptocurrency trading is prohibited in the country: after the last fall’s crackdown on local exchanges and ICOs, people in China can hold cryptocurrencies, but cannot legally exchange them for fiat money.

We can't ignore that blockchain is very usefull to be implemented in various data recording activity as the file is spread to many computers. I hope china also make a good regulations for bitcoin and other cryptocurrencies.

 Because of the technology and the potential of it being used in many things and it is profitable.

True. Because blockchain has the potential that every country needed to stays having a stable economy or even a rich economy. Blockchain and bitcoin is something that will help everyone to have a better future. Something that will lead us to equality with efficient and effective life.

I think it is because Chinese are born as business minded. They are inclined with the innovation of technology.That's why they can adapt and develop blockchain technology.

in my opinion China is a country that developed technology and the development of the era and blockchain is an economic system created by using the development of time and technology and the country will use the development of time and technology

China although has a ban on initial coin offering a a big player in the cryptocurrency world the control a high level of mine. They are also have an indigenous coin neo. And the citizens are cryptocurrency enthusiast

China wants control over cryptocurrency. Remember that there are many mining facilities in their premises. It is hard to tell if they don't like Bitcoin because it could be a strategy to buy majority of supply of Bitcoin.

china is giving importance to bitcoin because they have been able to analyse and discover bitcoin indeed has so much prospect and will surely affect the world in the best positive way. they understand the workig principles of bitcoin and how it can affect their economy. so the best thing to do is study the bitcoin and blockchain closely and use it to the advantage of their economy which they are doing now.

Because China sees the tremendous potential that blockchain can bring to this country, the economy can have a dramatic turnaround.

china has taken time to study the working principles of blockchain and its benefit and being a country that is open to technology, they have accepted its use and are doing every thing possible to fully use it. I hope other countries do same with time.

We all know that chinese people are businesss minded and china is aiming to be considered as one of the wealthy country, They give importance to blockchain technology because they know that this might be the future of every currency and it is good that china gives attention on crypto because we all know that it is one of the country that has a high population.

Probably trying to create a "competing" technology to bitcoin.

Won't happen.

l think the Chinese are very wise in decision  making . if you can remember very well, there is cold trade war between the US and China . china is looking for leverage on the blockchain technology where they can do inter continental transaction by passing the USD  and using bitcoin as means of foreign exchange with trade partners like south africa , Nigeria and some other africa countries .for china to grow without limitation they are adopting blockchain technology by lifting the ban off cryptocurrency, and this alone is call for a bull run .

China has foreseen the future and have seen the roll of blockchain and it's usefulness and being open to technology they welcomed the development

China does not tolerate freedom of choice, so it banned cryptos and bitcoin. However, it is in favor of the blockchain that is an innovative technology and able to reduce costs and give more security to the various industries and branches of business.

because China understands that the blockchain is the future of the world and the one who now masters this technology Samvy the first will rule the world in the future

they are constantly introducing the very first innovations and therefore there is nothing strange that this is practically a country in the world that so actively began to study blockchain

China is have the most users of Bitcoin around the world if they brainstorm they can manipulate the price using the whales. They giving important of bitcoin because they have an open minded community that know the importance of bitcoin in future and now a days.

China is one of biggest country in the world and handling as biggest export country in the world. I think China interesting on blockchain because China want to eficient the cost and to speed up the process

Well, China knows that they can stand on their own. Just like what they did with various applications not adopting it but instead, they would create their own so that they would be independent and they have proven it that they can make it. It is the same with blockchain wherein they would study the importance of it and then create something out of it that is their own and not being dependent on others. Their country do not have facebook or google because they have their own and I am sure that they would have their own cryptocurrency too.

I do not think China does not like bitcoin or altcoin, as China is a country with many blockchain patents in the past year. Did you know Vechain, NEO, Qtum, Ontology are all projects from China?
They also released their own cryptocurrency charts in September, showing they are very interested in this market. I think the issue of accepting Bitcoin will be just time, they can issue a separate legal framework before accepting Cryptocurrency.

This is not a new thing. China's president said Blockchain is a breaking technology. Chinese governments and big firms invest a huge amount of money for Blockchain research and its application to real life and business.

I think China Owned many alt coins so this is the main reason and the other one is mining. China may or have small fee for taxes so they are doing all these things while other countries are afraid in losing of taxes if blockchain implemented.

well, it could be that many people develop a project and utilize the blockchain system from china. to my knowledge, China is indeed one of the biggest places for cryptocurrency before they banned it.

the truth is that the first country that uses crypto and the blockchain system is China, so the world's biggest crypto and blockchain influence was there before China banned

because everything is modern and easy and now people love everything practically and quickly we can enjoy it with new technologies such as cellphones, the internet, and blockchain because this makes everyone, the new technology is always on Wait.

China understands the importance of developing innovative technologies. China has long become a space power and has all the latest technology in its own. Blockchain is one of these technologies, so China seeks to maximize its benefits for the development of its country.

 I think blockchain is a very advanced technology and it will be very useful for the future and progress.

There is no doubt that blockchain will be there in the future. No government hates the technology, but the cryptocurrencies that come with it. With blockchain, they can refine their systems even more and make them decentralized for the end users. However, I do suspect, if it will be a hybrid blockchain at work. They will always want a centralized control with blockchain capibilities.

China has a love and hate relationship with crypto, but when they discovered the the value of blockchain and how they can leverage it, they change their view .

 
There’s a lot of advantages through blockchain .All participants in blockchain can open the database. Can not easily alter anything on database . Extreme security for recorded datas. It can  Avoid hackers . You can view if someone visited your ads online. Easier, cheaper and faster transactions. This is a modern underlying technology of etherium, bitcoin and cryptocurrencies

The country is well know to be very good in investing. Lots of great business man is Chinese and i think they saw what the technology will bring or is now bringing to the table. Korea and China are among the Asian countries who embraces innovation along with Japan.

ISnt it obvious?China is a advance and progressive country,they know whats the importance of this technology for people and for future so what do you think why they are giving importance for this technology?Just like why other countries doing same,and why banks now are adopting this technology to their own tech and system

I believe that the reason China is giving importance to Blockchain is because they know its real value, they are open to this idea, and are aware of how helpful and convenient it is. The core value of a blockchain is that it enables a database to be directly shared without a central network or administrator. Blockchain technology promotes transparency, security, improved traceability, increased efficiency and speed, and reduced costs. It's very important that we know what we prioritize into and be safe at the same time, and I believe that's what blockchain is all about, safety and security.

China is one of the most advanced countries in the application of technology, one of which is exploring blockchain technology that can be applied in all sectors of life. Blockchain is very efficient and effective in industry and commerce, so China is very powerful in its efforts to increase competitiveness in the world of commerce.

China, as an influential state in the world, has grown practically on the use of various technologies, and sometimes simply by copying them, bypassing international copyright law. Therefore, they are now widely using advanced blockchain technology, now investing about six billion dollars in it. In terms of introducing advanced technologies, China is a very flexible state, and this brings it success and huge profits. In this regard, you can only learn from China.

There is no point in your question. In fact, any country attaches importance to the blockchain, not just China. I believe that the United States, Europe, Japan, India, and Russia all attach great importance to blockchain technology, because blockchain technology may be a revolutionary technology that changes the future. Whoever does not value it may be lagging behind.

Despite of many negative issues about cryptocurrency in China, I still believe that they will adopt this whole system soon. Their population is very huge, and if they use blockchain technology this can help them to be more efficient especially in their businesses. Chinese people are paying their transactions through mobile phone, using the App Alipay, and maybe soon they will become more digitalized and don’t use their fiat money anymore.

Chinese has been known for their imitation skills,they are very popular for making things originated by others,in fact most of the fakes that circulating in the whole world came from china or made by chinese

This same reason why they dont support cryptocurrency but instead they are now starting to use the technology behind cryptocurrencies that may bring them more profit than virtual coins

if you look closely what is achievable by using blockchain technology you will realize the multiplicity and diversity in functions of the blockchain technology. I ones explain about blockchain technology to a banker who only knows about crypto but have little knowledge about the blockchain. he told me that with his 10 years experience in banking he can boldly tell me that the world will go towards adopting blockchain technology for almost all sectors of the economy, banking, education, hospital, tourism etc. And when we are talking about technology, we all know that china has always been quick adaptor. other countries always join them later.

I don't see your personal opinion about what you think about the material written in the article.
I think that China has a form of government that prohibits personal development beyond the control of the country, which is the reason for the prohibitions on the trading of crypto currencies for citizens. At the same time, the Chinese government is smart enough to understand the prospects for blockchain technology. Therefore, they are trying to integrate this technology into their banking system. In addition, we all know that many developers of different platforms and crypto currencies come from China.

China at the beginning of the XXI century is the first world industrial superpower in terms of industrial production, as well as space and nuclear power - it leads the world in the extraction of various ores, as well as wood. In the territory of the China, oil, gas and uranium are also being extracted on a significant scale.
China has 37% of the world's reserves of rare earth metals. As a result of significant investments in the 1980s in the extraction of these minerals, China now owns 95% of their world production.
China is the world's largest producer of the absolute majority of industrial products. In addition, China is the world's largest automaker. (description and translation from https://ru.wikipedia.org/wiki/Экoнoмикa_КHP )

the importance of the country of China is inseparable from the size of the community in that country contributing to the investment and development of the blockchain, so in my opinion it is only natural if China has an important meaning in the Blockchain.

There is another flip side of accepting bitcoin blindly, it may cause some damage to their economy thats why china govt has not accepted cryptocurrencies openly yet and not even China many other countries have done the same, this phase may be their testing phase for creating and accepting blockchain technology for future planning.

That might be right, China is trying to test whether this new innovations can help their economy or the other way around, if blockchain technology penetrates and successfully being embraced by this country surely more will do the same, the influence of china to the other side of the world are getting wider, using blockchain and enhance more will give them some advantages in terms of payment transactions.