Time to stake some Crypto currency
As everybody has already seen the crypto market has plunged like crazy in the last 48 hours. The cause is due to the Chinese government, who once again ban Bitcoin Exchange now, just a week after banning ICO. Why are they doing it? First China is one of the last countries in the world with a communist party at its head and, communist are very famous for their totalitarian way of governing. They always need to get full control on whatever is in the country and even want to control people mind. But in the last 20 some years, we have seen China changing in a very capitalist way but keeping their communism governance and control of the population. Does it benefit China to ban ICO's and Bitcoin exchange? Today China is the biggest country in the world for Bitcoin mining, with many huge facilities all around the country, it is also the biggest market for Bitcoin in the world so why the Chinese government is acting like that? The real deal is not with Bitcoin or other Altcoins, for sure the money invested by Chinese peoples in the crypto world is a money out of control of the Chinese government and the People's Bank of China but until now they were not mad at the situation as crypto are bringing more wealth to the country. So what is the problem? As a few countries are doing now, China will be the first country to introduce its own national Crypto currency, a centralized crypto currency owns by the government of China and the People's Bank of China. So to implement their project in the Chinese way of governance they better make the country safe of any concurrency especially the one they do not have any control on. We already know that the Chinese national crypto currency is already been tested in between Chinese commercial banks. Also, the National cryptocurrency of China will help a lot of people's in China who are living far from towns as there are not enough Banking facilities today in China. We all have to be aware that China is only the first country in the world to make its own National crypto currency but the western world is not far behind with England and Canada already in the development process of their own National Crypto currency and surely other countries. Bitcoins and Altcoins have shown to government and Banks the future of currency, so now they want to be part of the crypto game to make sure nobody will take the power out of their hands. Hopefully, this is not the end of the crypto market and it will be very hard to stop it, if not impossible, government and banks around the world have to deal with it and accept other currency than the national one. Anyway, today is a great opportunity to buy some crypto currency at a very attractive price, soon the price will go up again and it will be harder to make nice dividend.
For more information about Chinese National crypto currency: