Something strange is happening in China
Something strange and inexplicable is happening in China right now. Count the points off on your fingers. The most popular messenger in the country, WeChat, blocks accounts discussing digital currencies and blockchain. The same fate might be in store for more than one hundred foreign cryptoexchanges that offer services to local backers. Plus, there has been an official recommendation concerning a ban on any private blockchain events, a moratorium on all crypto deals and token exchange transactions, and prosecution of owners of hotels, office buildings, and shopping malls that are in any way involved with cryptocurrency events. All this could seriously stunt the development of the country’s digital currency market. This is particularly baffling when you consider that China is a world leader in blockchain. Bans rarely change a situation for the better. On the contrary, they put you in the position of playing catch up. It is very unfortunate that China, with its huge potential for development of new technologies, has chosen to follow this path