News °°China is testing its own cryptcurrency °° The Chaini- Coin ?
The Chaini- Coin ?
Already in the past, the Chinese central bank has repeatedly been informed that there are plans to issue its own state cryptcryptocurrenc. Even if a concrete implementation appears to be a long way away, transactions in the interbank-market have already been tested.
This new digital currency is to be established as a second currency next to the yuan. The benefits are obvious: in a country with a comparatively large number of people, but a weak infrastructure, a digital currency could also allow a value exchange in regions that do not have access to conventional banks.
In addition, a digital currency would allow the state more control mechanisms. Payments could be better tracked and people monitored. Overall, efficiency increases in terms of costs and time would also be expected.
However, it should not be forgotten here that a state digital currency has not much to do with bitcoin and co. The original motives of Bitcoin to create a state-independent and autonomous money system are counteracted by digital Fiat. Especially in the case of China, where monitoring and repression are the order of the day, such a digital currency is quite critical.
Quelle. Bitcoin-Echo.de
best regards
Steemornot
Maybe they're referring to Antshares/NEO? The government is backing it now?
could be
Antshares and now this too, looks like they are stacking up the cryptos.
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it's going to help us develope the economy
I think it would be cool if they made their own coin.
I googled Chaini Coin but don't get anything. Do you have any resources?
yes but is a german page Bitcoin-Echo.de
Interesting! I shudder a little when I think of China implementing a blurry version of a crypto currency, because Im guessing its as easy for them to manage as the yuan.
Probably sooner or later they will flood their own market