It's hard to draw a line between the good and the bad in a news today, because there are so many variables that you wave to watch for, so many perspectives that you have to take into account.
Let's take China, for instance.
A mammoth with a single leader, yet a fabulous economy, thriving. Once the locomotive of the crypto trend, with hundreds of square meters of mining facilities collocated near power plants, just to save on electricity, now China is in a limbo. Harsh rules against ICO have been enforced and there are strict bans against trading crypto to fiat inside mainland (and some saying these transactions may now be followed even overseas).
And yet, a strange piece of news came in the other day, from a local newspaper called Lie Yun Wang (Chinese content). In short, the news reveals a proposal by a politician to create a single, national exchange for cryptos, one that will be supervised by PBoC, used by startups to get funding (an ICO hint, obviously) and by citizens to "acquire capital gains". Knowing how things work in China, such a news wouldn't be allowed if there wouldn't be some sort of a plan to make this happen (in one shape or another).
So, apparently, this may be a thing soon.
In other words: we want a centralized exchange where all the decentralized cryptos will be traded.
Just so we can watch them better.
Like I said in the beginning, it's hard to separate the good from the bad in this news. There's certainly good news that crypto trading won't be banned completely. But it's bad it's going to be in a centralized, most likely state-owned, exchange. It's good to have regulated ICOs and limit the number of ICO-related scams. It's bad to have this in a platform with a single point of failure.
And so on, and so forth...
image source: Pixabay, Shenzen bay bridge
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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