Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Rain075 on March 25, 2021, 02:32:20 PM

Title: Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
Post by: Rain075 on March 25, 2021, 02:32:20 PM

The Chinese government doesn’t officially allow its people to buy cryptocurrencies with cash, and the country is working on a digital version of its yuan that would be closely controlled by authorities.

But guess what apparently is allowed? Decentralized finance, known as DeFi, encompassing the fast-growing realm of mostly autonomous, blockchain-based software projects designed to automatically lend and exchange cryptocurrencies, and maybe someday replace banks.more (https://cryptonews.net/497554/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)

Title: Re: Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China
Post by: Zed0X on March 25, 2021, 03:54:37 PM

I won't be surprised if I read another news that the Chinese government going after these DeFi platforms. As far as I can tell, the government doesn't want anything decentralized.