China Will Be The First Country To Have Its Own 'Bitcoin'

[febriyana 934]

China always have high technology so if they want become first that is possible. But you must know China product often have low quality. So if that is cryptocurrency maybe have some bugs. So that is advantage for hacker to broken their blockchain system. Also i think their cryptocurrency only work in China.

[Win 1015]

On 12/30/2019 at 1:07 PM, Afrizal rahman said:

While many other countries still oppose the existence of digital currencies such as Bitcoin and Libra, China is preparing to become the first country to release a domestic digital currency.  Its development is closely watched by the world financial services industry.
Although this project has some similarities with the Facebook Libra currency, it seems like China's digital currency allows Chinese policy watchdogs to closely monitor the flow of money they have today.
Will China be the first country to create Bitcoin and is it able to compete with other coins.
 

Quoting

 

The possibility is there but also the possibility of failing the project is now closer as the investors will thought that the china will just conttrolled the price of there future digital currency.

3 minutes ago, TeknoLightz said:

Don't worry, more and more countries will be creating their own coin as the future comes and they see the potential of blockchain and what it can add to them.

Yeah i just think also 

I watch some news that there is one country is interested in etherium to be there crypto currency.(i just forget the name of that country😅).and i hope lits of country will in the near future

2 hours ago, Oluwaseun said:

I do not doubt this at all though. The country has the capacity to do so and they also have the level of technological standard to achieve this. Couple with this the have the population and the mind to do it so I see no reason why this cannot be true though. Crypto currencies is China's thing and I believe they are good at it.

Yes they have the capability to do it becouse that country is so rich but I doubt one thing.that is the controlling of the price of bitcoin or there future crypto currency.

[rajonmia 181]

On 12/30/2019 at 11:07 AM, Afrizal rahman said:

While many other countries still oppose the existence of digital currencies such as Bitcoin and Libra, China is preparing to become the first country to release a domestic digital currency.  Its development is closely watched by the world financial services industry.
Although this project has some similarities with the Facebook Libra currency, it seems like China's digital currency allows Chinese policy watchdogs to closely monitor the flow of money they have today.
Will China be the first country to create Bitcoin and is it able to compete with other coins.
 

Quoting

 

I also heard that news. They think or work very fast compared by another country. That's why they were going too fast for develop their country. We wish future all of countries accept this digital currency. But this is too late.

[fo1lluko1l 487]

I somehow think that they are doing this only to completely take control of payments, + in addition, China is suspected of mass surveillance not only of its own citizens, but also of citizens of other countries (surveillance of phones)

[BitMart 326]

This is very confusing as China is going to create its own cryptocurrency not Bitcoin as its already in progress and now no one can replace this China and some other countries already working for running blockchain for own cryptocurrency and control on this all which is not bad at all this could be helpful for all as we will have some more to trade and invest.

[teminalibug 309]

On 1/5/2020 at 4:22 PM, TeknoLightz said:

Don't worry, more and more countries will be creating their own coin as the future comes and they see the potential of blockchain and what it can add to them.

To clarify, china was not the first country to create their own coin, but now it is like a global campaign, and most big countries are panning this.

[CryptoMaxim 3829]

On 05.01.2020 at 17:22, TeknoLightz said:

Don't worry, more and more countries will be creating their own coin as the future comes and they see the potential of blockchain and what it can add to them.

Такое возможно. И если каждая страна создаст свою собственную криптовалюту то скорее всего такие монеты будут иметь характер стейбл коина.

[Maaz sultan 265]

yes this true because Chinese people are already aware from the profits of bitcoin but they donot make their own bitcoin but any other crypto currency .

[mani982 286]

China is a big country and the chines nation is the world wealth nation when china launch it own crypto or when china support bitcoin and crypto the crypto will boom and get huge volume in market.

[Nurul Huda 944]

On 12/30/2019 at 12:30 PM, MAHEEN95 said:

While many nations still doubt and some still not happy about it, China will make them see the useful part of this project.

China has always made good changes in every project so that it is well known in many countries and even China will have a new show to show other countries that the crypto project is very good to use even it is very beneficial for us all by looking at the useful parts of the project.

[Sapdrx 469]

Just now, Digicoin said:

There are few countries that have their own cryptocurrency now. Countries like turkey could have their also before China. 

Let's not forget Venezuela where the government intruced a crypto. If China adapts a digital currency it would mean that other countries will follow very fast.

[kamalnewaz 150]

Yes,i think the China have golden opportunities to have its own bitcoin, because it is going very ahead to this way, and its population also are very interested to bitcoin, so they Have possibilities to have own bitcoin.            

[McCree 713]

China really wants its digital yuan to be internationalized and be used across borders. But I think that's missing the point of cryptocurrencies because they still control the inflation amount and we have no idea how they will control it.

[Lubruselu 2803]

Chinese country they are really copy and pasters for everything, that's like now I see that news they want to create their own bitcoin while they can create any others coin with their name

[phpMailz 568]

I will say that this was expected, China has been developing its own state cryptocurrency to replace bitcoin for a while now and they have try a lot of things to surpress bitcoin on the market so their cryptocurrency can take bitcoin place but that will never happen.

[fuer44 1083]

it looks like China really looks very serious in developing crypto and blockchain. China which is a developed country in terms of economy and adopts crypto or even makes its own coins, surely other countries will also follow it if China is successful and crypto will become increasingly popular and large.

[Honny143 13612]

Its good for crypto that everyone knows China is the growing country in the world and economy also strong when launch their own crypto currency it's really help full of crypto currency and the China crpto currency do extremely good and the price also high in other coin and every country want to follows when the coin do well

[suzuya 945]

This will be really good for the country of China, but is it profitable for Chinese people? or only the government will benefit from it because they can easily manipulate it and charge taxes when the people starts using it. Cryptocurrency will be one of their way to become more successful, because they are really smart and they can use it to become more rich.

[Wijayafajar06 274]

Yes because China started with its digital currency and five years to work on this project and they will be the first country to take Bitcoin and now China is planning to launch its digital currency.

[Arsm 63]

Well, we it is known that the furst person to do something sucessful is an innovative and inventive person, the next to follow will also get some success, and the last few people are just followers who may miss the success train completely. I assume by doing this, China is also hoping to boost its economy. Im not sure how this new coin will work, but will China be like getting money from this coin someway? Like taking a fee or just having a majority of the coins?

[duncun007 3577]

its less like its own bitcoin and more like a currency for their people to use inside china and have that currency be centrlised so they can keep an eye on their people.

[Sahbana 212]

Maybe it's more to make altcoin, not bitcoin. If China succeeds in making its own altcoin, I'm sure several other countries will follow to make their own altcoin.

[Naga 1250]

28 minutes ago, Shuvroahmed said:

This is good news for the crypto world forever, China is going to bring in their new digital currency, they have welcomed the blockchain which is expected to gradually spread across the globe.

this will not be good news for us in crypto  because if china brought its coin to the market it might affect other coins and take capitals for it.

[Laboni 755]

China is one of the most developed countries in the world. Of course, China may be the first country to acquire its own 'Bitcoin'. Bitcoin could be the first country they want because they are well-developed in all respects.

[Rickso 768]

On 12/30/2019 at 6:07 AM, Afrizal rahman said:

While many other countries still oppose the existence of digital currencies such as Bitcoin and Libra, China is preparing to become the first country to release a domestic digital currency.  Its development is closely watched by the world financial services industry.
Although this project has some similarities with the Facebook Libra currency, it seems like China's digital currency allows Chinese policy watchdogs to closely monitor the flow of money they have today.
Will China be the first country to create Bitcoin and is it able to compete with other coins.
 

Quoting

 

probably china will be the first using crypto since they are very active with this new technology.

if this will go well then this will a huge boost for crypto because more other countries will follow them creating their own cryptocurrency