Claudio
Sat Jun 08 2024
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6 answers
1432
Why is blockchain banned in China?｜China has a strict stance on cryptocurrencies because . It has weighed creating its own CBDC and is participating in cryptocurrency regulatory development efforts.its government believes it will destabilize its currency at a time when it is working on expanding its economy
Why does China prohibit blockchain? It seems that China holds a strict position on cryptocurrencies. Have they ever considered developing their own CBDC? Are they involved in any regulatory development efforts for cryptocurrencies? Could it be that the government fears that blockchain technology and cryptocurrencies might destabilize their currency, especially at this crucial time when they are striving to expand their economy? I'm curious about the reasons behind this ban and how it aligns with China's overall economic strategy.
