Chinas Bank jumps in for Ripples
US regulators are still trying to restrict, control or abolish Bitcoin, and are advocating it before the US Senate. But regulations are very difficult to enforce cryptocoins that can be purchased in countless portals. But while the fearful banks fight their fights, China suddenly takes a back seat and surprisingly advocates cryptocurrency.
The fear of the banks of the cryptocurrency is just great and therefore they are trying to defend their monopoly with all possible options. But at the same time China is declaring that they want to open up more to the cryptomarket and, moreover, want to take over the ripple.
China has always been critical of the cryptocurrency and has banned it even in its own country and has also banned access to foreign exchanges. Now the rumor surfaced that Chinas main bank is willing to take over the Ripple coin. The Ripple, just to remember, was originally created by the banks and put into circulation. Apparently, he wants to continue to be a banker coin, but apart from this, China's maneuver is a big plus for the cryptocurrency in general and gives new hope.
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