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China and the U.S. on Blockchain/Cryptocurrency

China and the U.S. on Blockchain/Cryptocurrency

U.S./China trade war may seem to get more complex but bitcoin has nothing to do with this. Recently, Chinese president has given glorious speech about blockchain technology which shows that Chinese government has fired its master stroke to grab this moment to become king of economy.

Early this year, Chinese leaders started to ban bitcoin or other cryptos which was quite shocking for cryptos community and traders but at the end of 2019 everything looks going to reverse. Now the Chinese govt. has decided to work on blockchain and celebrate this opportunity.

Recently, Facebook CEO Mark Zuckerberg stated in an interview that the U.S. has loosened its hold on the Libra project. It is in the news that Facebook’s currency, Libra, is in much controversy around the world and some countries have started to ban it.


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