China, YOU ARE PLAYING WITH OUR FEELINGS 😌
Xi Jinping calls cryptocurrencies ‘financial fraud’
It’s the immutable and unprecedented tracking qualities of blockchain technology that China is interested in for financial applications, the supply chain, and local governments. The narrative remains firmly “blockchain, not Bitcoin”.
In fact, rather than relaxing China’s stance on Bitcoin and other cryptocurrencies, its grip may be tightening instead.
President Xi Jinping gave a speech today on CCTV1 (the CCP’s official channel). While the English version of his speech is not immediately available, co-founder of crypto investment holding firm Primitive Ventures Dovey Wan provided a quick summary.
She said that the president criticised cryptocurrencies and brushed them off as unregistered securities, “financial fraud”, and illegal Ponzi schemes. Read More Here
centralize will always remain centralize huhh
I can’t believe they don’t see what we see
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