Loading ...Comment: China does this with all things internet related. They adapt it themselves for internal ‘chinese’ usage. But having their own internal chinese bitcoin-type cryptocurrency will not stop the capital outflows. The people have discovered peer-to-peer transactions and do not need the controlled ‘exchanges’. And bitcoin is already a recognized international digital currency.
Bitcoin touched $1,200 and has now pulled back a little. It took very little time to recover after the chinese exchanges were shut down. People simply learned to trade peer-to-peer. And these are still the early adopters in China. Bitcoin has a long way to grow, IMO.