China Appears to Soften Its Stance Regarding Cryptocurrency | Crypto Craft

  • China Appears to Soften Its Stance Regarding Cryptocurrency

    From cryptocurrencynews.com

    In an unexpected move, a major Chinese state bank has posted what appears to be a positive infographic on its website detailing the history of Bitcoin and some basic cryptocurrency concepts. The infographic notes the impressive gains that Bitcoin has benefitted from recently and appears to address the relevance of cryptocurrency in today’s world. Trading of Bitcoin and cryptocurrencies in China has been illegal since the country banned Bitcoin exchanges back in 2017. While the ban forced some exchanges to move their operations to other countries, it is believed that millions of Chinese citizens still trade ... (full story)

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TwoSense
Aug 1, 2019 4:45pm
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China ultimately wants control and still has a long way to go towards adopting bitcoin. That's why Bitcoin is ranked #11 in the cryptocurrency rankings by The Center for Information and Industry Development. For a long time, a lot of people thought that NEO would be the China favorite. I guess judging by those rankings, it's EOS now. Both of which have little to no real world utility yet.
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