China’s government has made it clear that it’s no fan of cryptocurrency because of the financial instability that comes with it, but it has welcomed the development of the underlying blockchain technology.
China bans trading in cryptocurrencies, but is now ranking them
The first government in the world to provide ratings on cryptocurrency is one that has banned its people from using it. Today (May 17), the China Center for Information Industry Development (CCID), a research unit under the country’s industrial ministry, officially launched its monthly ratings index (link in Chinese) on 28 crypto coins and the blockchains...
Join in on the conversation with Alex Masters Lecky when you subscribe to CRYPTONICLES.