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China May Have Banned Bitcoin, But Its Blockchain Ambitions May Help Other Nations Launch CBDCs Nasdaq

December 15, 2021
Source: nasdaq.com nasdaq.com
News Snapshot:
T he Chinese Government’s comprehensive crackdown on crypto may, at first glance, seem like a stifling of innovation. But this couldn’t be further from the truth. In reality, unregulated speculatory coins simply run counter to China’s plans for its own digital currency. To that end, they have restricted such assets in their country and are creating the basis for a new financial structure. One based upon their upcoming Digital Yuan and the creation of a blockchain service sanctioned by the state itself. This, along with the integration of powerful new blockchain partners, looks to help China — and potentially the...
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