AUTONEWS

China towards the state cryptocurrency


Sun, 3 Nov 2019 18:06:02 +0100

BEIJING, NOVEMBER 3 - China is pushing for the development of the first state cryptocurrency: the signs are multiplying and finally there is the heavy encouragement of President Xi Jinping to support the development of the blockchain, speaking at the end of October in a session of study of the Politburo.
On this occasion, Xi said that China should "seize the opportunity" of adopting the blockchain, the technology that underlies cryptocurrencies. He did not mention them openly, but it was enough to send the values of the Bitcoins, the cryptocurrency par excellence, came back to the stars over the past weekend, even though it briefly returned above $ 10,000, and then the shares of over 200 companies reopened linked to blockchain investments.
Beijing blockchain research has risen 1,300% following Xi's comments, according to Nathaniel Whittemore, a cryptocurrency consultant taken from the US media.