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RE: My take on China Banning Crypto Exchanges

in #cryptocurrency7 years ago

china will getback on the bandwagon eventually once they have full regulatory standards and code of ethics etc. They have a lot of money invested in FIAT currency and don't want anything threatening that investment base. They know full well that crypto can dilute a lot of potential investment in real world assets. Example: a citizen decides to throw 500 dollars at a blockchain startup instead of spending it locally...