Why is China giving importance to Blockchain?

[toast]

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

[Looking-upto-vod]

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

[[ProTrader]]

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/

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.

[thankyoulord]

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.

[UsherClara]

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

[teejayrichard2]

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.

[1993jochico]

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.

[BuyBuyBitcoin]

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

Won't happen.

[wizardcrypto]

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 .

[oginiimaoyani]

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

[rickn]

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.

[FedorIzmailov]

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

[Marbelli]

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

[yanglei504]

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.

[andika2018]

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/

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

[jamids]

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/

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.

[Snowflower11]

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/

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.

[thuat86]

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/

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.

[endlasuresh]

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.

[BigBos]

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.