Jump to content

China's own Coin?


Kakashi2020

Recommended Posts

I'm not surprised. China is a huge and important country in the world, with an economy and geopolitics of their own. I think that coin has a great prospect, because we all know how China has been beating the whole world in terms of economy, and their own coin would be a huge blow as well.

Link to comment
Share on other sites

I think that if a country overtly ventures into the Cryptocurrency market and launches a state owned Cryptocurrency then it will be the most bizzare thing that could happen in the economic scene. I dont believe that this will happen and i guess it is just a rumour right now. If a country decides to launch a state owned Cryptocurrency then there will be consequences around the World and it will also adversely affect the Economy of that country.I dont think that a huge economy like China would take such a big risk.

Link to comment
Share on other sites

I feel like it wouldn't succeed well compared to other cryptocurrencies. The main allure to cryptos is that they are decentralized and nothing controls them. I imagine the cryptocurrency will be controlled by the Chinese government (because almost everything is state-controlled in China these days haha), which will turn off some potential users and investors.

Link to comment
Share on other sites

It depends. It could just be another way of introducing an alternative to credit, I think. China's really big on online payments these days, given that a lot of stores in the bigger cities accept QR payments and even take paypal at times. China's looking into ways of expansion, and it's not entirely farfetched to think that they might try to venture in that direction. A lot of the bitcoin miners were in China, and some of them managed to get out with really big profits.

It'll be interesting to see if they push through though. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...