Quote from: Proton on July 08, 2021, 10:51:40 AM

The deputy governor of the central Bank of China stated that Bitcoin and stablecoins have become speculative tools with potential risks that threaten financial security and social stability, also become payment tools for money laundering and illegal economic activities.
He emphasized stablecoins, saying that especially the global "stable coins", may bring risks and challenges to the international monetary system, payment and settlement system, etc. We feel about this problem Worried, so we took some measures.

It seems that after Bitcoin, the Chinese government has now taken up stablecoins. Apparently, these statements and the subsequent possible restrictive and even prohibitive measures are being carried out in order to remove all possible competitors for the successful circulation of the digitized yuan, which should soon be officially introduced into circulation. Previously, other stablecoins did not interfere with the Chinese government, and now, as they prepare to launch their stablecoin, they suddenly become a threat to their financial stability. Apparently, the Chinese authorities should again expect negative information regarding the circulation of stablecoins in this country.
I draw the attention of the author of the topic that on this forum it is customary to leave a link to the information used for a more extensive acquaintance with this topic.

I completely agree with you.  Thanks for the advice.  Added a link to the news.

Market situation at the end of June 81% of the cryptocurrencies presented on the trading floor were in the red. Of these, 35% have lost more than 30% of their value, more than half have fallen in price by 15% or more.

The deputy governor of the central Bank of China stated that Bitcoin and stablecoins have become speculative tools with potential risks that threaten financial security and social stability, also become payment tools for money laundering and illegal economic activities.
He emphasized stablecoins, saying that especially the global "stable coins", may bring risks and challenges to the international monetary system, payment and settlement system, etc. We feel about this problem Worried, so we took some measures.
https://www.cnbc.com/2021/07/08/chinas-central-bank-is-quite-worried-about-some-digital-currencies.html

I think that the transition to China's digital currency is the completion of the creation of a system of total control
Since money is an item related to the data of individuals, businesses and all other organizations, thanks to the transfer of money into digital format, the Xi Jinping government, which until now relied on denunciations, a network of security cameras and other means, provides full and comprehensive control of the totalitarian government. The Chinese Communist Party, which cannot be avoided. This will mark the completion of the formation of a public system for tracking invisible threats.

In the first half of 2020, the entire NFT market was ~ $ 13.7 million, in the first half of 2021 this market exceeds $ 2.4 billion.  Works of art, music, football tickets, invitations to Atlasweekend in Ukraine and much more. I think that NFT has no restrictions on use.  The NFT revolution awaits us!  As they say, remember this post)

I've said this before, but I'll say it again. The crypto market will move sideways for a while since we're in a consolidation phase. Bitcoin and alts will see small pops, but the overall sentiment is the same. BTC must form a proper bottom before a sustained move upwards.

I think that cryptocurrency is the future! Recently I came across an article that described the origin of stock exchanges, and then people were very wary of this innovation! There were ups and downs, but in spite of everything, they continue to work! The same thing is happening now with cryptocurrency! By investing in cryptocurrency for a long time, I believe that in the future it will bring big +

Doge will definitely fall, like other coins, but right now Elon Musk is trying to pump the price again by actively posting tweets about Doge and Babydoge