You know it’s bad when even the Chinese have abandoned Bitcoin.
—”You know it’s bad when even the Chinese have abandoned Bitcoin.”
Last I have heard the Chinese want to implement their very own cryptocurrency.
China’s version of a digital currency is controlled by its central bank, which will issue the new electronic money. It is expected to give China’s government vast new tools to monitor both its economy and its people. By design, the digital yuan will negate one of bitcoin’s major draws: anonymity for the user.