Releasing Daily Updates about Chinese Crypto News/Movements/Policies! Stay in tuned:D Chinese blockchain enthusiast, writer. 日本語もできますよ！(ง •̀_•́)ง
Beijing, China
Joined September 2016
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#DECP is making his way~
Today, the Luohu District Government of #Shenzhen will issue 10 million yuan of DECP, with the amount of 200 yuan per person. 50,000 people will receive it by drawing lots. DECP can be used for offline consumption.
thepaper.cn/newsDetail_forwa…
Clickbait🤔 Actually, most people in China don't care about this new digital currency. This is quite different from cryptocurrency.
China’s new digital money could challenge Bitcoin and even the dollar trib.al/ykjfo4l
Recently, more and more crypto-related conferences have been held in China. The global mining forum held in #Chengdu is essentially for the rainy season in Sichuan Province. A large number of miners have started to purchase cheap electricity in there.
At the same time, a lot of coin promotion meetings (most of them are shitcoin🤔) are also held in #Shenzhen, and the market atmosphere in these two cities is as hot as the weather.
Now the most popular crypto thing in China is the futures trading. There are many new exchanges that only focus on it.
And KOLs organize many groups to teach you how to do the futures trading.
#DCEP will first be tested in Shenzhen, Xiongan, Chengdu, and Suzhou.
From this month, salaries and subsidies of some government agencies and institutions in these cities will be paid through DCEP.
I am very pessimistic😟 about global #COVID19 prevention and control. If countries can come up with these three measures, I am immediately optimistic.
(launch them in order, the former is the latter's premise)
1. Check all people should be checked
2. Receive all people need to be in the hospital
3. Most close contacts can be traced and isolated.
If there are too many cases, another one should be proposed before those three:
0. Freezing the society operation for half a month
If not, the #COVID19 situation will inevitably go out of control. In the same way, medical resources will be blown up and severe death will occur. The mortality rate is 25% to 30%.😟
#DECP may be coming soon!
Research Committee of national development and Reform Commission: the epidemic situation is the catalyst of the digital economy, The central bank's digital currency may be accelerated.
#China #coronavirus
From decades of experience and history of #US stocks, it can be seen that the way of repurchase and destruction is conducive to market development and rising stock prices.
Now, the market is waiting for the voice of #Binance, but it‘s worth mentioning that in the second quarter of last year, Binance temporarily changed and did not repurchase from the secondary market to destroy, but instead destroyed the tokens held by the team and raised questions
It may be very easy for foreigners to stay in China in the future.
China's Ministry of Justice is soliciting opinions from the community for the Regulations on the Management of Permanent Residence of Foreigners (Draft for Comments)
So...Crypto incumbents, welcome to China🤠
It's still a draft and not officially in force, so you can submit opinions and suggestions by logging in to the official website of the Ministry of Justice moj.gov.cn. before March 27, 2020.
Fcoin exchange stated that due to internal and technical problems, the fund reserve is not enough for users to withdraw their assets. They decide to stop operation, and the user assets which are unable to withdraw are between 7000-13000 #btc.
lieyuncj.com/p/13008?from=gr…
They claim that it was too hot in 2018, and they didn't have the energy to solve a loophole of the platform (users get excessive dividends), and they bought back the FT with their income for the community. Now they find that the deficit is too big to make up.😒😒