RATE Group | Bitcoin hailed as ‘success’ by China in dramatic shift in attitude
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Bitcoin hailed as ‘success’ by China in dramatic shift in attitude

13 Nov Bitcoin hailed as ‘success’ by China in dramatic shift in attitude

Posted at 01:59h in Bitcoin News by

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A state-run newspaper in China has published a front-page story hailing bitcoin as the first successful application of blockchain technology.

The praise marks a significant shift in Beijing’s stance towards the cryptocurrency and comes as the country prepares to launch its own digital currency.

Monday’s edition of Xinhua went into detail about how bitcoin and its underlying blockchain technology works,…

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