​​ China is one of the most influential players in the global | Alp World News

​​ China is one of the most influential players in the global economic market. Its population is very enthusiastic about any innovations of the digital market and is actively developing new products on it.

However, China not only understood the prospects that cryptocurrencies and blockchain open up for the state in the global financial arena but even prepared to launch its own national cryptocurrency — crypto-yuan, which experts predict is such a great future that it can compete with the US dollar.

The prospect of decentralization and the outflow of capital outside of China was not accepted favorably, and therefore in 2017 China banned ICOs, which brought down the cost of Bitcoin by 6%.

Interested?

Learn more about crypto in China, follow the link