Crypto Blockchain News Today
– CCTV1 is the largest and most official TV channel in China
– 焦点访谈 This show has been running for decades, and it directly follows the china state news at 8PM. Everyone watches this, since my grandma’s generation, for CCP announcements.
– On the surface, the translation of Xi is that crypto fundraising and finance are fraudulent and people need to be careful with investment
– From the CCP’s perspective tho, Xi is officially issuing a warning to people that run or take part in crypto projects that are focused on fundraising and security issuance.
– xiao xin bei hou la qing dan, Xi says that these records are all public, and if the state chooses to take action, all of the public blockchain records will be used as evidence to prosecute.
– Essentially this boils down to China’s plans when it comes to crypto based on public blockchains, and blockchain projects that are state backed.
– Although they haven’t pointed out Bitcoin, they certainly will not embrace open crypto.
– With the issuance of DCEP, and the gradual acceptance of mining.
Their goal is to nationalize all crypto related industries (mining, trading, DeFi – If you can still call it Decentralized)
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DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.