DayOfCrypto
  • Home
No Result
View All Result
DayOfCrypto
No Result
View All Result
DayOfCrypto
Home Other
china:-calling-blockchain-a-‘scam’-is-now-banned

China: Calling Blockchain a ‘Scam’ Is Now Banned

by Admin
October 28, 2019
in Other
289 3
0
Share on FacebookShare on Twitter

As you might expect, China is leveraging its censorship state to align with its new blockchain-focused goals. It is now reportedly removing all articles claiming blockchain is a scam.

The Chinese state is so serious about blockchain that they’re even outright censoring anyone who disagrees with the technology.

Twitter account @cnLedger recently reported that articles in China that claim blockchain is a scam are now banned. This is a complete 180 from the state’s previous internet policy — which was hostile to anything cryptocurrency-related.

3/ Articles saying blockchain technology is a scam are now BANNED.

Who still remember the days when posts promoting blockchain getting deleted real fast? pic.twitter.com/W5iRJ3PDYS

— cnLedger (@cnLedger) October 28, 2019

Will China’s Blockchain Focus Affect Cryptocurrencies?

It is currently unclear whether or not the restrictions on talking about Ethereum and Bitcoin will be loosed as well. There seem to be some indicators that they will be. China’s most popular education app, Xuexi Qiangguo, now offers courses focused on blockchain — and there are even lessons on Bitcoin and Ethereum.

It seems evident that cryptocurrencies will play a growing role in China’s blockchain push, despite not being mentioned by President Xi himself.

2/ China’s most popular app, Xuexi Qiangguo (study for becoming powerful nation) now has a recommended course focusing entirely on blockchain, which contains Bitcoin & Ethereum lessons. The app released by CPC to help ppl learn about its political doctrines like Xi’s thoughts. pic.twitter.com/nRdCntNRAA

— cnLedger (@cnLedger) October 28, 2019

A Bittersweet Development

The news surrounding China is bittersweet and the recent reports of censorship demonstrate this in full. On the one hand, it is positive to see a massive economy and country like China going all-in on blockchain technology’s promise. It’s a major boom to the entire industry and will likely signal a turning point for the cryptocurrency world.

On the other hand, China is leveraging the full extent of its security state to promote blockchain. It also plans to use the technology towards its policies of state control like the infamous ‘social credit system’ or tracking dissident content. Overall, blockchain’s rise in China could create a dystopic future — and, since no country has adopted blockchain before as state policy, it would set the tone for all future developments.


Images courtesy of Twitter.


Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

The post China: Calling Blockchain a ‘Scam’ Is Now Banned appeared first on BeInCrypto.

Admin

About Us

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Popular Tag

Adoption Banks Binance Binance Coin Bitcoin Bitcoin Cash Bitcoin Price Bitcoin Regulation Bitcoin SV Blockchain Central Bank China Coinbase Crimes Cryptocurrencies Cryptocurrency Exchange EOS Ethereum Ethereum Price Facebook Germany Government Investments Japan Law Libra Litecoin Markets Market Update Mining Payments Regulation Ripple SEC Security South Korea Stablecoin Stellar Switzerland Tokens Tradings Transactions USA Wallet XRP

Recent News

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

Poloniex Review – Buy and sell cryptocurrencies, Bitcoin, Registration, Safety, Reference

November 8, 2020
Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

Bitstamp Review – Buy and sell Bitcoin and cryptocurrencies, Registration, Safety, Reference

November 8, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
Skip to toolbar
  • About WordPress
    • WordPress.org
    • Documentation
    • Support
    • Feedback
  • Log In
  • AMP
    • View AMP version