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China is not going to provide a crypto version of its currency. The Chinese government is all about centralisation and control. It will go for electronic transa
by PaulAJ 7y ago
China is not going to provide a crypto version of its currency. The Chinese government is all about centralisation and control. It will go for electronic transactions via a few tightly-controlled banks combined with the elimination of physical cash.
- djmips 7y agoThis has already happened AFAIK.
- amursft 7y agoI recall seeing that they were experimenting with it. Yep, here's a story from August. https://www.bloomberg.com/news/articles/2019-08-12/china-s-pboc-says-its-own-cryptocurrency-is-close-to-release https://www.bloomberg.com/news/articles/2019-08-12/china-s-p...
- chefkoch 7y ago>Unlike decentralized blockchain-based offerings, the PBOC’s currency is intended to give Beijing more control over its financial system. So not what you are expecting from a crypto currency?
- redisman 7y agoWow sounds great can't wait to invest in this propaganda coin.
- hanniabu 7y agoFrom this week: https://www.forbes.com/sites/billybambrough/2020/12/30/chinas-planned-bitcoin-killer-sparks-major-concerns/amp/ https://www.forbes.com/sites/billybambrough/2020/12/30/china...