The Currency Analytics
By Dan Saada
Donald Tapscott, recently stated that the official Chinese currency would become a cryptocurrency.
He recalled that Xi Jinping, president stating that blockchain is one of the important technologies for the future of the country.
Xi Jinping also spoke about how the governments are banning cryptocurrency exchanges and cryptocurrency mining as well by stating, “It’s not really necessary to do that [to ban…
From Jinping's statement, it is evident that they are going to compete with Bitcoin by making RMB a cryptocurrency.
Tapscot stated that ultimately decentralized exchanges would dominate the centralized exchanges.
The country continues to be a major player in the Bitcoin market with several local organizations controlling the Bitcoin Mining Pools.
This is while China continues to lead the world in several blockchain projects. China accounts for nearly 25% of the global total, and there are more than 263 blockchain…
In the past year, a multi-year project was launched, which was mainly focused on the Jiangsu Province where the blockchain will be the main technology used by the local…
In the overall market, investors are looking for some kind of stability, but trends always do not move the way investors want it to.