It’s political: Why China hates Bitcoin and loves the blockchain
The crypto community is once again reeling from a Chinese crackdown and trying to read the tea leaves on Beijing’s next move.
China’s policymaking is far from transparent, so one can only speculate how long the new restrictions on bitcoin exchanges and token sales might last.
Still, if we view China’s actions in the context of its broader geopolitical intentions, we can at least gain a useful picture of what’s at stake and the longer-term challenges and opportunities they create for the cryptocurrency and blockchain industry.
Read the full story at https://www.coindesk.com/political-china-hates-bitcoin-loves-blockchain/
tags: cryptocurrency ico