RATE Group | After India, China wants shows interest to launch its own cryptocurrency
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After India, China wants shows interest to launch its own cryptocurrency

01 Nov After India, China wants shows interest to launch its own cryptocurrency

Posted at 07:38h in Cryptocurrency News by

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China is all set to launch its own cryptocurrency. The country has been taking steps to ensure that there are no negative posts or articles around cryptocurrencies or blockchain technology, which enables the existence of virtual currencies. The Chinese government has been, for the last few weeks, removing all the online posts claiming blockchain technology is a scam, reported The Independent.

According to the UK-based publication, the move marks a significant shift in the country’s policy towards blockchain. It comes just days after President Xi Jinping hailed it as an “important breakthrough” that should be developed.

It further added advertisements for blockchain courses have suddenly started popping up on several social media sites in the country, thus speaking volumes about the focus on blockchain technology.

“China has also passed a new law, which will come into…

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