Why I'm Bullish on Chinese Government Unbanning Crypto Trading Platforms!
After watching the attached video link, I was convinced that China will lift the ban on cryptocurrency trading platform in the near future.
The Chinese authorities are in favor of the blockchain technology behind bitcoin, and the tremendous opportunity, and hope it delivers in solving real life problems.
China being central managed economy, the blockchain delivers several compelling reasons why blockchain should be allowed space to develop and evolve within a government policy framework that will nurture growth, and which will provide the tools to manage an economy as large as china, and deliver growth whilst ensuring chinese economic stability and being mindful of not introducing further economic instability, and potential bubbles.
For the chinese government or economic administrators real live economic data is the key in managing any economy, the real live data drives and guides economic policy decisions and implementation. The blockchain can and will deliver real live economic data, which will be multi folds better than the current historical statistical data, which drive policy decision and policy implementation, which is woefully inadequate, for monitoring economic activity to see which sectors are over heating or in a process of creating economic bubble, whether be it housing sector or commodities.
Blockchain technology will deliver the real live data to deliver insight and foresight to the chinese government or economic administrator on any sector of the economy.
And, I believe that small blockchain technology solutions that enable economic management and efficiency will be implemented within certain government sector which will enable gradual liberalization of the cryptocurrencies trading and chinese wide impletantion like the following project: https://www.thekey.vip/
I am bullish on china being the positive growth contributor of blockchain technology in the future.