Advantages of cryptocurrencies for China

[Lanatsa]

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

China is capable of everything and most people do know about that yet they do have the capacity when it comes to power and wealth.Thinking off
they are the top players or makers of miners and talking about investment then they can decide on what they do like to do. They can either be friendly or a worst enemy
anytime on the market.

[karramov]

China is leader. It is a leader in all areas . If something wants something they will do it .

[dubynin.ilya]

If China wants to become a center of development of crypto-currencies and actually use them, as all production is directed to export. I believe very much so in the Chinese cryptocurrency, try to buy their coin.

[yugyug]

Technological advances in China is rapidly growing from the world's fastest supercomputer to giant manufacturing equipment and massive geeks it seems that China has the edge of cryptocurrency and blockchain development although they are strict in regulating such activity for they are trying to figure out on how to win this race against world leading countries who adopts crypto like USA and Japan.

[kamBlanV]

there are many crypto advantages for china, especially for their main work, so they can profit from crypto, trade, mining, and invest.

high population, makes it difficult for some people to get work, and crypto is the solution for them.

[bignice]

China is a big country and technological progress is as extraordinary as America. And Blockchain technology in China has a very positive impact on payment media. Using Coin Crypto all become easier in buying and selling. Of course, this is also my hope in my country to make crypto coins as a medium of payment.

[Maknae09]

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

China and its people always create a big impact in any aspect that they can be into. If china will going to fully utilize the cryptocurrency market, I guess it will be beneficial to everybody as there is so many investors and people from china.

[xuan87]

I don't want to get my hopes up, China is actually one of the country with a lot of users and miners, it is one of the most important role in crypto, unfortunately there are so many restrictions in China, the government try to keep everything under control, so when it got a little freedom, the government will try to ban it again

[Iyeman]

It seems to me that because of the large population in China, the cryptocurrency, will make a big impact on the economy. Stronger than in other countries

Definitely a larger populated country will make a huge impact on crypto value, it can change the economy of entire country. China is a extreme powerful country in the world also they are largest exporters across the globe if the government say to use the coin as official I sure cryptocurrencies will skyrocket again.

China can be considered as the bitcoin house. The government will not but the crypto must create its regulation remember about how PBOC was preventing crypto by putting very strict rules to the crypto to get ni on china. This will become a big problem consider about the fact that it has been getting a lot of strict regulations.

[ambeo]

Cryptocurrencies will disrupt the entire market, this is no surprise. But China is one of the most growing ones, I hope they will take the chance and be leading in cryptocurrencies. Do you see also advantages for China to do so?

i have great hopes for China, to tell you the truth. and i think that this country has all the potential for making a great profit of crypto, i hope that it will show the others that crypto can change the economy for better

[V. J. Meyer]

No good, I'm not good at all, I'm losing too much money and I do not care about any news anymore. I hope the market will recover soon and can show us the period. prosperity come back

[Docbee]

It will help China in numerous ways but the government indifferent altitude towards holding of crypto assets is not encouraging, the only thing China needs to think of is how to regulate the crypto market to protect it's citizens not to discourage acquiring it.

[selardkinley]

I definitely see advantages for China, at least in the field of payments. And most likely China will support local blockchain startups.

But right now China has made many restrictions for their nation in the field of crypto which is making them lower than the remaining community. There was a time when China was the king in the crypto community but now they are not like before.

[gelinshidong]

You are the right analyst. China has great potential, but now no government will act alone. Perhaps only the US government through the ETF will join the cryptocurrency market. This may not be possible, I suspect that the government hates cryptocurrencies.

[labake]

When it comes to economywise, China seems to have the largest economy base on my little knowledge but cryptocurrency in China with too many regulations and monitoring would forfeit the system and make China a wrong option according to this Topic. #justmyopinion

[Mytoken]

I think cryptocurrency has no advantage in China. why? Because in China, Alipay and WeChat have realized cashless transactions on various occasions, and the speed is very fast!

[btlzpr]

Just to evading the Chinese government's foreign exchange controls, crypto seems to be very weak in China. China's cashless payment technology is currently the most advanced in the world, and crypto is nothing compared to them.

[KOF97]

I think China needs the help of blockchain, such as teaching and medical, but does not need encryption, because many software in China has realized cashless transactions!

[GermanGiant]

Because most bitcoin is owned by Chinese people. And then China dominated the Crypto Mining. If the price of bitcoin soars again, then I'm sure they will be very rich.

[tterrorpipa]

It is the quire opposite. Because right now many regulations of china are still being established and trying to ban cryptocurrency. And as you can see, many ico investment bans china county for making investment.