China is trying to become a region of importance again, at least where cryptocurrencies are concerned. Despite banning the trading of Bitcoin and altcoins several years ago, things are slowly changing in the country. The new cryptography law that passed in the country will go into effect on January 1, 2020. The main order of business is to embrace blockchain technology, rather than allow Bitcoin again. China Likes Blockchain Technology Very few forms of technology have made a global impact over the past few decades. Following in those footsteps won’t be easy, given the regulatory red tape that exists in
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