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Table of contents
- Is Bitcoin Banned in China?
- Who Sets Bitcoin's Price?
- Get the Latest from CoinDesk
- Does China Have A Role In Bitcoin’s Rise?
Photo illustration by Jakub Everyone loves Bitcoin. Though I just sold all of my XRP, as an aside, because I learned it was being delisted from Coinbase next week, Bitcoin, on the other hand, I am keeping for the moonshot.
Is Bitcoin Banned in China?
Now that Grayscale has its Bitcoin Trust exchange-traded fund, the market cap for Bitcoin has hit a trillion dollars. But what about China? This is the most curious one for me, especially following what appears to be the self-exile of Jack Ma, the billionaire founder of Alibaba BABA. Ma got into some trouble with Beijing regulators following the postponed listing of his fintech company Ant Financial, owners of AliPay, which is ubiquitous in China you can also find it at your local CVS for some reason. Now there is talk of breaking up the Jack Ma tech empire, something akin to what anti-Big Tech advocates here in the U.
One can almost see Chinese billionaires buying up Bitcoin, just in case Beijing comes for their wealth. Lord knows the dollar is in decline, and they probably already own a ton of stocks. The "Carmen San Diego" of China. Where in the world is Jack Ma? And then there is the Jack Ma effect. Was it a canary in the coal mine for every millionaire and billionaire in China that you need to have a Plan B? There is a real risk of outright confiscation of your wealth. They see it clearly now. China's crypto market has a massive user base.
Singapore-based ZB. QCash, a stable coin trading pair supported on ZB. QC is the most liquid yuan-based stable coin. Suzhou, Jiangsu Province, China. For 10 days in December, , city residents got the equivalent Last month, China gave its digital yuan a test drive in Suzhou. Xinhua newswire reported on one resident surnamed Lu who had bought some snacks at a store in the Tianhong Shopping Mall using digital yuan.
She transferred Lu was one of the , residents of Suzhou who were given digital yuan in the pilot program and could spend it at designated brick-and-mortar stores as well as online at JD. Noted: not Alibaba. Gold Price Hong Kong. Gold Price Hungary.
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Who Sets Bitcoin's Price?
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Get the Latest from CoinDesk
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Does China Have A Role In Bitcoin’s Rise?
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