China to Play a ‘Leading Role’ in Bitcoin’s Future

[jamie.redman1]

Jihan Wu tells Nathaniel Popper that China will play an important role within the Bitcoin landscape, stating:

“The Chinese government normally expects its businesses to obtain a leading role in emerging industries — China’s Bitcoin businesses have achieved that.”

With financial giants like China at the helm of quite a bit of the Bitcoin network’s infrastructure, it’s safe to say the cryptocurrency is here to stay for the long haul. One can also assume the Chinese bitcoin miners and investors within the region will have a significant vote towards the block size debate and the future of the network.

https://news.bitcoin.com/china-leading- ... ns-future/

[gao4726]

Bitcoin OTC market is also huge in China. Check out this article https://news.bitcoin.com/otc-trading-whales-bitcoin/

[Collector]

How are you supposed to be the pioneers at anything when you're never quite sure that you have all the information? When they stop the great firewall of China, then something interesting might happen, but I don't think the elite in charge will ever let that go. Decentralised money works against the Yuan, which they're trying to unleash on the world right now - two competing currencies would make that more difficult. It also fuels a "black market" because it is easier to complete untraceable transactions.

[mjglqw]

I wouldn't be surprised if china is to take the leading role. I mean, have you people saw the chinese bitcoin mining video?