Coming Soon: China's Own Cryptocurrency

[salamat700]

I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.

I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.

Are you seeing what I describe here? China is conquering the globe without using any sword...

[aprilnot]

what China made did look centralized and not anonymous, it was clearly not the basics of crypto. but I heard they use blockchain technology. so it can still be said to be a crypto coin.

and if indeed the project is released it might disrupt the crypto ecosystem especially the stablecoin market and maybe bitcoin will also have an impact. however, I am optimistic that the impact will be positive for the crypto market as a whole. new funds will be added to the market, this is more than enough to make the market excited again.

[SamboNZ]

I think with these they can easily track and observe the people cash flow, spending habits, and determine how much money they have. I wouldnt trust it since its centralized and now they can take people money away just by click of a button.

[No Pain No blood]

I think with these they can easily track and observe the people cash flow, spending habits, and determine how much money they have. I wouldnt trust it since its centralized and now they can take people money away just by click of a button.

yes you're right this only makes the government more powerful over the assets of its people. they use cryptocurrency only to make everyone interested, and forget the original purpose of creating this coin. China-made coins will be worse than Libra, I'm sure of that. see you later, when this coin was launched.

oh shit China will become increasingly bound by regulations in the future.

[Yaunfitda]

I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.

I don't know where you get that idea that they are using cryptocurrency to enhanced their position as world economic power. What they are doing are taking advantage of the technology behind crypto, which is blockchain.

I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.

Are you seeing what I describe here? China is conquering the globe without using any sword...

To be able to transact using Yuan based crypto, the other side should agree as well. Do you think that other super powers will bent and allow their state crypto to be used against US dollar?

[Periodik]

I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.

I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.

Are you seeing what I describe here? China is conquering the globe without using any sword...

Enough of this china topic. China will never ever create a real cryptocurrency. This country will never ever give enough freedom to its citizens. Having said this, the country will never ever create a decentralized system of currency that will provide all the billion and more chinese the power over their money. Can you imagine a country where the state holds all the power giving the power over money to its subjects? That is too ironic to happen in real life.

[knuckey]

China is a world superpower and in the Asian Region is very dependent on this country, especially the economic and trade sectors. So it is very possible if one day they see that crypto is a good opportunity in the use of each of their business transactions. We must remember that there are many crypto and exchanges originating from this country, they also have many developers and crypto experts who are quite popular in the community.

Nothing is impossible, but to this day I have not heard an official statement from the Chinese Government about this.

[Dochah_Disrespek]

What impact do you guys and guys think a Chinese-backed crypto will have on the value and progress of Neo? I can foresee at least two possible scenarios and would appreciate any input as I hold and stake a relatively decent amount of Neo:

Hypothetical 1: Chinese consumers stay away from Neo out of fear, coercion, or outright brute force. As a nationalist regime, I don't think it is out of the realm of possibility that citizens of China are either implicitly or explicitly signaled to stay away from Neo. Assuming Neo is not willing to become adopted as, of nationalized into, the "official" Chinese cryptocurrency, people might fear that (given the amount of oversight) using Neo may be viewed as anti-nationalist and thereby subject them to potential scrutiny or something worse.

Hypothetical 2: While historically supportive of the People's Republic of China, Chinese citizens are becoming increasingly concerned over the government's use of technology to monitor and control every aspect of their daily lives. While development and growth has surged under the current regime, there may become a tipping point where citizens demand more autonomy. Economic efficiency may become less important than freedom. In this case, Neo would be ideally positioned for mass adoption. For example, its use and adoption by Chinese citizens would symbolize their protest in a non-violent and potentially effective way.

[MI6]

If me not wrong, what in latest news is China talk about blockchain right? And i think a lot of government will support that blockchain technology itself. But their perspective about crypto will be same. In my country, government sometime talk about blockchain technology, but regulation about crypto is not changed. They still not regulate it although they not make it illegal. So i think if country talk about blockchain wouldn't really means about crypto.

[Doell]

discussion of China again let him experiment but still bitcoin will be the winner ,we want freedom and economic progress that are not constrained by the government ,I'm sure people chinese are also in my mind that economic progress must be independent and centered will only prosper stomach of the government

[royalfestus]

I am not a chinese but dont know why everyone think every thing that china does about crypto or online exchange/trade is for Jack ma. Jack Ma is just not a selfish business man and he is not the only man in that trade. I expect an anonymous transaction or people will be cautioned, not everyone likes to be monitored like the banks. The coin is like a stable coin, I dont see a volatile coin but it will a massive project for the space.

[Aabcde]

The occupation of a country is no longer necessary for weapons, what is needed is the economy. The economy is power.
In my opinion, if China makes its own coin and is centralized, that's OK. Because of the coins they will use in their own country. At least this action will bring a big impact on the world because the world blockchain is contested. That way, global economic growth could be based on the blockchain itself. And of course bitcoin and altcoin are in the spotlight of all people of the world.

[coin_1122]

If me not wrong, what in latest news is China talk about blockchain right? And i think a lot of government will support that blockchain technology itself. But their perspective about crypto will be same. In my country, government sometime talk about blockchain technology, but regulation about crypto is not changed. They still not regulate it although they not make it illegal. So i think if country talk about blockchain wouldn't really means about crypto.

Exactly, even the same with my country because they are not bothered about the cryptocurrency and insisting the people not to invest in the cryptocurrency. As a new technology, we are going to implement in sectors which is helpful, for cryptocurrency they are not changing their mind whether they will consider or not we don't know.

[shinratensei_]

I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.

I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.

Are you seeing what I describe here? China is conquering the globe without using any sword...

China never mentions anything if that country wants to use crypto or accept crypto as a payment system. I'm not sure about that, what has already talked by china's president is about blockchain that will be used in all of the systems in China.

Jack ma had taken a step ahead with the blockchain before Xi-Jinping was declaring if blockchain has a huge potential to change anything.
https://cointelegraph.com/news/e-commerce-giant-alibaba-to-integrate-blockchain-into-intellectual-property-system

The implementation is not yet happened, but I believe crypto can get small advantage from there. I'll not try to speculate anything because it's too vague to define a conclusion that we can take from the statement that has already made by china's president a few days ago.

[albrots]

China is always on the news nowadays and has become a trending topic. This will be very good because of the positive news about blockchain technology that is embraced and wanted to be developed by China to advance their country. this will have an impact on the price of bitcoin and altcoin. If China already believes in Blockchain technology, various innovations will be developed by China and integrated with blockchain technology. it will be amazing.

[romero121]

China is always on the news nowadays and has become a trending topic. This will be very good because of the positive news about blockchain technology that is embraced and wanted to be developed by China to advance their country. this will have an impact on the price of bitcoin and altcoin. If China already believes in Blockchain technology, various innovations will be developed by China and integrated with blockchain technology. it will be amazing.

Not only with cryptocurrency related activities, everywhere the trend setting is being done with news articles connected with China. This was happening for a long and now the latest being the cryptocurrency adoption. China is one of the leading technology dependent country who believes in digital growth. As a result they supported during the early days of bitcoin, fortunately due to some economic problems it withdrew the support for bitcoin and cryptocurrency usage. Now once again it has jumped into the cryptocurrency network making its own cryptocurrency for all transaction purposes.

At any point China won't stand against technology, and this is the one that has made China government take necessary action to adopt blockchain technology and the cryptocurrency to function over it. Maybe this won't be same as that of the bitcoin, but it'll gain attention from other countries.

[noninum]

China is very intelligent in the role of the world economy, let alone the Chinese government has already announced to legalize cryptocurrency at 2020 in early January, I think that every decision making already has a strategy in the crypto world that can make Economic advantages for the Chinese state.

Yes they are very genius in making policies to compete with the United States in the world economic competition. By adopting Blockchain technology and launching its own Crypto, So I think it will weaken the growth of the US Dollar, we look forward to how their Crypto will be launched at the beginning of the year.

[bassbity]

China is always on the news nowadays and has become a trending topic. This will be very good because of the positive news about blockchain technology that is embraced and wanted to be developed by China to advance their country. this will have an impact on the price of bitcoin and altcoin. If China already believes in Blockchain technology, various innovations will be developed by China and integrated with blockchain technology. it will be amazing.

That's right, China can be said to be a global market leader, if it is true that China will adopt a blockchain in the near future then this will have a positive impact, cryptocurrency will return to its heyday if China really takes this action, China's development continues to improve so if there is news from china about blockchain it will rise to the price of bitcoin.

[Suslived]

I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.

I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.

Are you seeing what I describe here? China is conquering the globe without using any sword...

Yeah, China is starting to become a serious world power.

I feel like the trade war with the US has further ignited a fury and sense of urgency for China to not rely on any other country but themselves. We are already actually experiencing a side effect of this news in the form of increased bitcoin and crypto value. If China pushes through with the creation of this national crypto then it will be a great milestone for crypto as a whole.

[LouVandetta]

I know that some will be arguing that what China is cooking right now is not actually a real cryptocurrency due to its centralized and state-controlled nature. But what the heck, China is the next world superpower and it is seeing the vision of using cryptocurrency to further its entrenched economic position all the world.

I am seeing a great potential of this coming state cryptocurrency to be utilized in transacting business with China or in eCommerce department, and this is a huge potential. Jack Ma must already be thinking something how to exploit this great opportunity.

Are you seeing what I describe here? China is conquering the globe without using any sword...

Like, really. It's crazy how amazing the impact of China's adoption on blockchain. Considering how china is and how powerful they are, and their economy is one of the largest in the world, I could see a great future for cryptocurrency.

They're full of surprises. From the news I've read, China plans to make their own digital currency which will be called  DCEP (Digital Currency Electronic Payment). I really.hope it all works out well even for us outside of China.