American Express has recently announced that they will be commencing their entry into the Chinese market, which has been predicted as being the biggest card payments market by late next year. This move was made as a joint venture with LianLian Group and is the first venture to not process payments through the state-controlled UnionPay network.
Very few positive stories come out of China with cryptocurrency in the headlines. This one is no different as the central bank has continued with its rhetoric over the risks of dealing with digital currencies.
Last Friday, Li Xiaolai live-streamed his 2018 new book release conference. During the Q&A session, Li confirmed that he is participating in a blockchain project that involves no cryptocurrencies. He also expressed his views on topics such as stablecoins, STOs, and public chain projects during the Q&A session.
In this week’s final article concerning the state of cryptocurrency in China, I will provide an overall summarization of my analysis of the nascent industry. Whereas Part 1 closely examined the regulatory steps taken by officials to halt all cryptocurrency related activities, Part 2 scrutinized the effectiveness of such policies and the many examples of ...