China is going to rule crypto!

[Pab]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

Blockchain is included in China economy plan until 2026 like prority
There is 26 blockchain project supported by China gov
Some are already up and running like blockchain what track food transport from Australia to China
Blockchain industry is priced on 2 trilion dollars in coming years
Until 2028 15% of global GDP will be stored in blockchain
But it is not bitcoin ethereum etc
China see that crypto market as it is. Kind of speculative market
But only China see blockchain value and is supporting blockchain

[whirlcoin]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

I think China had the ability to do this because they have more experience in cryptocurrency field and they can also suitable for this to make it more powerful definitely some of the countries will need to accept the cryptocurrency for the development.

[Distinctin]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

I think China had the ability to do this because they have more experience in cryptocurrency field and they can also suitable for this to make it more powerful definitely some of the countries will need to accept the cryptocurrency for the development.

China have been in crypto before but they left crypto around early 2017 due to some circumstances and thoughts. It really give a huge effect and downfalls of crypto before the ATH happen.  And now they finally back into crypto,  I believe it could create  huge impact into the market but not the way of controlling it.

[abojamal]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

This depends on the meaning of the rules to be applied
Will encryption be controlled as a whole to control the money entering and leaving China?
Or is an organizational process only
The coming days will tell us.
 

[Kemarit]

I echo the sentiments of most posters here, this article is just a exaggeration on how China's role in crypto or blockchain technology, yes they are involving themselves because if they don't they will be left again in this technological advancement. But it doesn't mean that they will be taking over though, all those money being pour on will just benefited their government and not the private sector, remember this China, they won't yield so much power to their people as they want to control everything.

[Halmater]

It is understood that evn though China bans ICOs and trading they didn't, officials may not effectively implement the ban for ICOs and trading. Officials may take this decision for political reasons. Sometimes, officials may take a decision but this decision is not implemented properly countries like China. China has a greate potential but I think it is early to say that China is going to rule crypto.

[boyptc]

I'm not updated anymore on what's the movement of crypto's on China after the ban they made for ICOs and trading but what I know was there's still a good number of crypto people out there, including investors and businesses.

They did even ruled and control the market before and right now, looks like they are pushing for more adoption to blockchain and crypto's.

I am also not updated on China's how they accept crypto to their country, the last time I heard is that they banned ICO's and trading that is why bitcoin value drops as the news I heard last year if I am not mistaken. This is also one of the reasons why bitcoin value drops but I guess there is also some other reason why bitcoin value drops so hard. If China is going to use crypto then that is good, there are many of us and in China still believes in the potential of bitcoin.

If I can remember correct it was way back 2016 (correct me if wrong).

They have a big control to the market, miners are there and volume of transactions are definitely happening there but after that restriction. The market didn't depend on them anymore.

[juragane]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

the Chinese government is building new strength in the world, so they are aware that by cultivating full control of the blockchain, China can shift America's dominance in the world economy, in the future for any country that is able to dominate crypto currencies, the country will have strength in world economy.
China wants to replace the dominance of the dollar with crypto currencies.

[emrick89]

china controlled internet servers and they have there own they have ability to invest , and i think with blockchain tech they want to be ahead 

[BlackPanda]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

This is not unusual because China is a large country with a very high population.
The volume of digital currency transactions in China is the largest in the world, so it is not unusual when China can become a leader in the world of Cypto.

[Slow death]

https://blokt.com/news/chinas-increasing-stake-in-crypto

Just came across this article about China's increasing stake in crypto. Kinda crazy to hear how even if the government is doing its best maintain control over blockchain, companies are still thriving. It seems like China is much more pro-blockchain and crypto than the rest of the world.

Any thoughts?

What's wrong with our news channels? China has a dark government and this Chinese government does not accept decentralization things, who does not know that these Chinese have the habit of having preference for their own product? Who does not know that the Chinese government controls its citizens? waiting for the Chinese government to change its position would be the same as waiting for  bananas drop from space