Author: Iris Li
Mr. Lei Xiao, as a well-known Chinese financial news writer, has published the article named ‘China Has Done All Preparations to Issue Cryptocurrency’. He believes that in terms of declaring patents, it can be seen that China has settled down the final basic technology for issuing the national cryptocurrency; at the same time, China has already formed a solid blockchain architecture. He further pointed that China has not only prepared to issue cryptocurrency, but also has considered about how to issue, manage, settle and even how to establish the interaction between cryptocurrency and other various currencies. Most importantly, these relative technologies have been applied for patents, which means that these are regarded as shaped and protected technologies. And therefore, the next step is the applications of these technologies.
Nevertheless, Beijing, as the capital of China, has officially announced that the city does not welcome any cryptocurrency. Hence, the future of cryptocurrency in Mainland China is still full of uncertainty.