The Chinese government has openly funded blockchain projects in China, which were born and created in China.
of course, because it is easier for the Chinese government to control
China banned Google, Facebook, and YouTube to allow Baidu, WeChat, and Youku to dominate the local market.
to allow Baidu, WeChat, and Youku to dominate the local market?
I do not think that's the reason, I think because of the gloomy political system that the Chinese government has, they want to control everything, for that reason they will not allow foreign networks from abroad
Analysts have speculated that the Chinese government had banned crypto trading to enforce strict capital controls, primarily to prevent the Chinese yuan from leaving the country. While the ban could be reversed if enough demand is created by local investors, it is unlikely that China will unban crypto trading in the near future, as its ban was never really about crypto but its strict capital controls.
I have many doubts about this. japan, usa, malta accepted crypto