- Jul 30, 2023
- Reaction score
- Essex, UK
China has historically been very much against crypto due to the lack of control.
Now they are basically making their own Yuan currency digital with crypto backing which is a major turn around.
Just another indicator of how crypto isn't dead and not going anywhere but up.
They solved "lack of control" by creating a centralized blockchain and currency. This is how I see governments and banks embracing crypto in the coming years.