How China’s New National Cryptocurrency Changes Everything

Written by sergey-baloyan | Published 2020/04/24
Tech Story Tags: cryptocurrency | bitcoin | ethereum | crypto | china | chinese-crypto | china-crypto | hackernoon-top-story | web-monetization

TLDR On April 25, 2020, China will launch its national blockchain platform called BSN (Blockchain Service Network) Many believe this is the first, fundamental step before the launch of a global financial project - a government-backed cryptocurrency called DC/EP. In October 2019, Chairman of the People's Republic of China, Xi Jinping, said that the development of blockchain technology is one of the priorities of the state and called for accelerated growth of the industry. In April 2020, screenshots of the first version of the digital yuan application appeared online.via the TL;DR App

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Written by sergey-baloyan | X10.Agency Founder | Web3/Crypto/NFT marketing and launch | Worked with 250+ projects
Published by HackerNoon on 2020/04/24