Fear Not, China Is Not Banning Cryptocurrency

After the financial crisis in 2008, a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published, detailing the concepts of the payment system. Bitcoin was born. Bitcoin gained world attention for its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the Internet, blockchain offers solutions to problems that we have failed to address, or ignored, over the past few decades. I won’t go into the technical side of this but here are some articles and videos I recommend:

How Bitcoin Works Under the Hood

A gentle introduction to blockchain technology

Ever wondered how Bitcoin (and other cryptocurrencies) actually work?

Fast forward to today, February 5th to be exact, authorities in China have just unveiled a new set of regulations to ban cryptocurrency. The Chinese government has already done this last year, but many have stolen through foreign exchange. He has now added to the list…

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