Last year China President Xi Jinping told the press that they want to find the best solutions about the blockchain and cryptocurrency adaptation.. And there was too many question with this statement.. Why would China wants it? They have already centralized great and big country right? If they get into blockchain system they would loose loose their understanding and i thought that they never want this happen..

So why Chinese are digging this matter?

First of all i am sure that Chinese Communist Party knows about the crypto and blockchain very popular and they try to get from here what they need. Using blockchain with limits? Yes, i believe so..

I think they belive to having their own cryptocurrecy would get them too many benefits.. Most importantly they want to have good relationships with Russia in trades and investment.. And i believe cryptocurrency would be very useful in this matter..

They are also having world largest global trades which is making by a country.. I strongly belive that when they got their own digital currency they would use it with all these trades in the near future..

They never get into "dollarize economy" model and this is what they need to start use cryptocurrency globally.. I also heard that they try to hard to create their own-closed blockchain system too.. As far as i know since 2013 China is trying to create this..

Ofcourse his Corona Virus situation affected China in very bad and negative ways but i am sure that we will have some news soon about the China's new systems about the blockchain..

Thank you for reading, if you have any comments please leave below..

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