wry Posted August 31, 2019 #1 Posted August 31, 2019 It seems like half the time posts in News are saying China is banning crypto and the other half are talking about how China is leading the crypto community. Here's one of the latter. Binance has released a report where they forecast that: Quote the People’s Bank of China (PBOC) central bank digital currency (CBDC) will be backed 1:1 by renminbi fiat as well as follow a two-tiered structured system with the bank, commercial banks, and retail market participants. However, they don't really cite any evidence to support their view. While I know that electronic payment systems are popular in China, wechat pay and such, but unless they are just going to stop issuing notes and bills I don't see it happening anytime soon. Link: https://www.coindesk.com/chinas-digital-currency-will-be-two-tiered-replace-cash-binance
CntryBoy Posted September 1, 2019 #2 Posted September 1, 2019 9 minutes ago, wry said: It seems like half the time posts in News are saying China is banning crypto and the other half are talking about how China is leading the crypto community. I was just thinking the exact same thing earlier today. I also do not see it changing in the near future, but I suppose we never know. It is interesting to see how many conflicting reports there are involving China and crypto though.
675675 Posted September 23, 2019 #3 Posted September 23, 2019 I think that cash will disappear and in 10 years everyone will use cryptocurrency
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