China to One Day Turn the Renminbi into a Crypto, Claims Blockchain Author24

By CCN: Perhaps no country has tried harder to snuff out bitcoin than China. After putting the kibosh on ICOs, the government banned crypto exchanges and now they’re targeting bitcoin mining. While they may have slowed crypto down, especially in China, this train is moving full-speed ahead. Sooner or later, they might find themselves boarding, too. Blockchain Research Institute Executive Chairman Donald Tapscott suggested that it’s only a matter of time before the renminbi makes its way onto the blockchain, telling Bloomberg: “In 20 years, we’re not going to be using bitcoin in China. The Chinese people will use the

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https://www.ccn.com/china-rmb-crypto-blockchain-author

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