Chinese Authority: Forex Reforms How to Deal in cryptocurrency

[S.coastapps]

As per the news, China is prepared to expand its blockchain cross-border financing pilot stage. The report had been given the gesture by a senior authority of the nation’s remote trade controller on this Tuesday.

This stage apportions organizations associated with cross-border involved with money due to financing administrations for fares and data confirmation administrations. It at first began in 9 regions and urban communities. In any case, with its expanding ubiquity, it presently has spread to 19 regions and towns.

Source: TheCoinRepublic

[Senin]

Of course, if the President of China recently spoke very positively regarding blockchain technology, then mandatory measures to financially support this technology should follow.
It should be said that before this technology has been actively introduced in China in recent years, and that China has won first place in the granting of patents for inventions using this technology. True, this does not practically affect the decentralized cryptocurrency, to which the Chinese government generally has a negative attitude.

[Alcor]

China has made rapid economic growth and has risen to its current high level among other world states almost to a greater extent due to the introduction of advanced technologies, including the illegal use of other people's technologies. The Chinese government immediately praised the capabilities of blockchain technology and in recent years have won prizes in its implementation.

[LogiC]

Chinese Community is quite huge and spreading news from one town to another country is like sending an easy message for them. With their intention and interest towards blockchain, I can feel that most projects that has been introduced by Chinese founder or developers will be gaining a lot of supporters since their own Country is supporting them.

[tonymillions84]

China has little or no say on how the crypto market is been promoted. A lot of investors are hungry to sale their tokens. most new projects target bitcoin. their main aim is to exchange their shit token with bitcoin and disappear. we need to see more cryptocurrency trading on the Forex exchange.

[WhiskeyHoney]

To be honest, I don’t know how to relate to this. But I think that this will affect cryptocurrencies in the near future.

[damsix]

The purpose of this thread may be for information from FOREX China that is ready to be implemented with Blockchain for each transaction in the velocity of money in the FOREX China platform.
For example: everyone withdraws money from FOREX China, all of which can be found out through the blockchain for each type of money, for example about USD, EURO, BTC or other FIAT. Cmiiw