China is planning to launch their crypto currency, with attention to distribution and adoption, since they are involving all four major banks in the country, two major e-commerce websites Alibaba and Tencent and UnionPay as online payment provider for all four state banks involved in the project
crypto will be centralized and controlled by the state, but high level of acceptance shall be expected
plan is to launch it no later than 2020, november 11, according to latest news, will be interesting how this is going to influence crypto markets this year
in my opinion, it will be a good thing for bitcoin
if one country will launch its own crypto it will make more people aware of crypto
not everyone will support it but at least if needed we will still use it
other country is just waiting for one country to try and support cryptocurrency and if it becomes successful i think other countries will follow
if this will happen many countries will have their own cryptocurrency and bitcoin will be the main crypto that will be the start of mainstream
