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

[Omar Ommeish 4872]

China is one of the most important countries that care about cryptocurrencies, and I think it will be among the countries that will be distinguished in this field soon.

[Zalaks007 543]

China is moving towards achieving greatness in cryptocurrency and I fully support its government. If he should achieve this by creating a coin like bitcoin, it will boast its economic growth and create lots of job opportunities for it's people. 

[BTC Future 3946]

On 5/27/2020 at 7:30 PM, Saj555 said:

China is the world's highest populated country. And they have the ability to create some digital currencies for themselves. China has always stood up in taking initiative. And this time also they have banned cryptocurrencies trading there. And they are introducing a new cryptocurrency for their own people and so they can trade with it. They will create more projects based on it. 

It will certainly increase trade and perhaps help china in the long-term. But it will also reduce the financial freedom of their citizens and allow the Chinese government to have complete control over their financies.

[Virgil dijk 1431]

China has played a big role in crypto, there have really participated in crypto activities and there are so many bitcoin holders and miners in China , and now there making decisions of making their own cryptocurrency and this might make them become the top country in bitcoin 

[BrolySSJ 7899]

This is a huge development int he crypto world because it will allow for the crypto to be used freely but also allows for the capability of it to be tracked and traced back to those that made the transaction and as a result it cannot be used for any illegal activity. I think that this is a huge step in legalizing all of the other crypto as well if they can adopt a similar working system and hopefully china is just the first in a whole long list of countries that will start to employ crypto. I do believe that it is a way to solve the economic crisis created by the corona virus pandemic.

[TimopheyKa 3900]

Yes, I've heard about it, it's the crypto yuan! This is a very interesting thing, and I think it will have a very good effect on the economy! In General, it should not affect our dollar in any way, because, in fact, it will only be a global currency within the world

[Teresa112 37]

This is great news.  It would be good for us if they launched it for a global audience, but we all know that China will only try to launch it for their own country.  But I think it would be a great competition to survive rather than a giant called Bitcoin. It would be great if China could introduce it to a worldwide audience.  thanks!

[candyguyyy 43]

i think the most important privilege of bitcoin that price gap jump so i think if any country made any it's own digital coin so it will not be same bitcoin

[gourav789 2834]

17 minutes ago, Raeess Sheharyar said:

yes you are right, China playing a majot role in world economy.. As in china us economic war there will be good chances of digital productions..So if china taking step then definitely usa will also take steps in this regard..

@Raeess Sheharyar ofcource mate , I also heard from long-time that China having plan to develop their own Crypto currency as well blockchain also . this is really pleasure if China government do that . this is clear , that Crypto market really have good future . soon as possible we can see Crypto is accepted by majority countries .

[hasaan 289]

In many cases china is beyond all others, when lots of country are applying restrictions on the btc at this time the china follow the opposites path. They have done  a great job in approaches of a good financial system. We hope lots of others country will follow the same way.

[yonkii 3205]

China is a super economy and they need to have a better currency. If they make a digital currency that it will help their economy I am sure of that, and it will not be a problem to bitcoin but it will be better and I also hope that after they adopt the new currency they will also lift the ban on bitcoin and allow it again.

[zhoutong 2188]

China will release a version of the digital yuan and is already giving some of these to consumers to test them. It will happen massively but I don't know how the chinese will see it as useful or not. Many are still buying bitcoin any way possible. We have to see how this will happen.

[annayks 2314]

This is not a bitcoin china is making. Bitcoin is about freedom and the chinese digital yuan is about having more control on the financial life. It will be about mass surveilance as anything that happens in China but probably it will be a boost to their economy as it is always centralized and with a centralized coin they will be able to make better decisions.

[ramonn22 731]

Yes, dear friends, I do believe that China will have its own bitcoin in the future, since if it weren't for the fact that it is a country with a dictatorship, it would surely have full power over this technology.
good luck and big winnings
a big greeting

[percare 3192]

I don't think that Bitcoin is a good example here and Bitcoin is not anybody's. China will create a similar system to what the banks have and they will run a coin in a centralized environment that will be in some servers all controlled by the government so it is not that you have freedom with taht.

[bogdanoff 3173]

It is not worth a lot because it will just be the yuan in the form of a token that will also give no financial freedom and the chinese are alrady a cashless society having some yuan payment methods running for years.

[Brandonsaw 1973]

Si China nos ha dado muchas muy buenas sorpresas y si fabrica su propia moneda digital, sería un gran avance para la humanidad y su país se colocará en una potencia mundial ya que será el primer país en tener una moneda digital y eso ya se usará en su país, lo cual es un gran avance tecnológico en su país

[Guru2050 8284]

No doubt about this statement because presently now China is providing most suitable and enabling community for mining than any other countries. Today China is playing a greater role in development and promoting of Crypto currencies system in general

[Francisco87 651]

China es una potencia en la economía mundial, por lo que su anuncio de adoptar la tecnología blockchain hizo que las criptomonedas aumentaran su precio, pero resulta que emitirán su propia moneda y esa moneda será una moneda centralizada que plantearía una alternativa oficial y legal al yuan.

[Mella 3680]

This is good for China but I am think they are need to change and adopt the real Bitcoin but they are move to make a fake one? I am no need to know about the china a lot but I am hope that they will find that Bitcoin is one and they are only make another altcoin.

[Sykkuno 2887]

China will create a digital currency and not a cryptocurrency. Crypto are decentralized, not all but at least those that I invest in, and the chinese internet currency will be centralized so there is a big difference here with Bitcoin.

[hassan raza 87]

china will announce its own digital currency so that they come to know which people are using their currency using this method the govt of china will be able to collect and taxes from china people  . and also this way it will help to compete the bitcoin in crypto world.

[malik6314193 5449]

I think now china have developed his own digital currency and there are many other examples of countries which also make it's own crypto currencies such as Turkey. 

[Zeshan Khalid 2577]

China is trying to get advantage if its population because a large number of people will demand that currency because of its association with a country. But the basic crypto character of decentralization will not exist there

[Fixfin 2569]

You are mistaken because Bitcoin is very different from what China is trying to create. There is nothing that reaches bitcoin in decentralization and it can't be stopped by anybody, not controled by anyone and decisions for bitcoin are a long process that are not taken by a powerful person but by everybody undependend on the power a person has. It is democratic and not private but open source and public.