Friday, September 29, 2023

Chinese Government Meets with VeChain

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Even before that, the country has been bringing new laws and regulations, all for the purpose of making Bitcoin and altcoins essentially useless in the country simply by preventing anyone from using them, and even businesses from working with them.

Aggressive Chinese Government Policy

This behavior has been going on since 2017, and it makes it especially interesting to see that the country’s officials recently went to VeChain. What’s even more interesting to me is that they actually praised the project’s technology.While the country does seem to be sending some mixed signals, this still comes as a refreshing change of pace. VeChain revealed that the officials visited its Singapore office, including leaders from three different districts — Shanghai, Huangpu, and Changning. The VeChain Foundation also disclosed the reason behind the visit — the officials’ intention to discuss potential transformative collaborations.VeChain itself expressed its readiness to serve the community, enterprises, as well as the government itself.

China Interested in Blockchain for Their Own Purposes

Meanwhile, the government officials seem to be quite interested in the project’s blockchain and technology, even noting the important role that blockchain will play in the future of the digital economy. Now, this doesn’t have to mean anything, necessarily, but there is a possibility that it could mean a lot for the future of VeChain.After all, China is the second-largest economy in the world, with only the US itself being bigger. However, at the rate at which it is growing, there are some assumptions that it could overtake the US in about 11 years, by 2032. And, let’s not forget that China is the country with the world’s highest population of over 1.4 billion, even exceeding India’s 1.3 billion.So, if the Chinese government allows VeChain to operate in the country and become adopted, it would easily become the biggest blockchain in the world. After all, China loves blockchain technology. It’s crypto that it has a real problem with.Do you think that VeChain could become the world’s biggest blockchain through adoption in China? Or do you think China will use VeChain tech to create their own crypto?

#vchain #china #wazirxwarriors

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