20 sats \ 1 reply \ @grayruby 12 Nov \ on: The Daily Zap — Latest News and Updates alter_native
Very interesting that a Chinese firm is adopting Bitcoin as a method of payment. Also heard recently that state media was reporting on the potential for a Bitcoin reserve in the US. Maybe China will be loosening its restrictions on Bitcoin in the near future.
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40 sats \ 0 replies \ @Coinsreporter OP 12 Nov
Yes very likely. The restrictions on Bitcoin hasn't worked there. Chinese people have taken their holdings to Hongkong. There's a rule in China that every citizen is entitled to invest around $7000 offshore every year and after "Chinese ban on exchanges and mining", people have been investing in Bitcoin rather more enthusiastically. I also think that China won't lime to stay back in Bitcoin now when USA is getting more open to it.
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