Though, cryptocurrencies are in a wobbly standpoint with regards to regulations in China but 40% of Chinese citizens of 4,200 residents with a survey will still be interested to experience the game of disruptive and revolutionary money. Reported by 8btc, a local Chinese news portal.
The survey was conducted by PANews and informed news reports network through its Twitter report which deals in sharing blockchain news in Asian market.
Last year, in January 2019 , Chinese top loan company, the People’s Bank of China already announced the strict regime and ban on crypto related operations and buying and selling the country. Still a person’s eye of the populace haven’t fallen but increased after a while.
The survey suggested that just about half of the respondents were mindful with regards to the industry and related terminologies. The individuals shown increased attention to the survey and paid heed in the subsequent popular terms among them are Bitcoin (BTC), Ethereum, cryptocurrency, digital currency.
On the contrary, 63 percent of the respondents never feel the element of cryptocurrency is needed as being a mode of payment plus they are ok with the usual payment method. The remaining 22% of the respondents were unobservant of one’s DLT and blockchain notion and token concept.
It is strange that irrespective of having negative approach and banning lots of cryptocurrency related trading concept near you still Chinese government is intending to analyse although involving themselves in some manner or the other.
Recently, China CCID’s 8th Issue of worldwide Public Blockchain Technology Assessment Index released where in EOS is determined at the top, Ethereum (ETH) is now 2nd rank, and GXchain replaced BitShares in third place. Don’t our surprise Bitcoin is graded at 18th position. Good news is provided by China’s Center for Information and Industry Development (CCID) to Prnewswire.
There are various surveys are being conducted within countries by experts and policymakers to understand the awareness and interest from the citizens. The German Federal Association for I . t, Telecommunications and New Media (Bitkom) disclosed within one of the similar efforts that more than one-third of leading German business giants are counting upon blockchain being a technology and mulling over cryptocurrencies as revolutionary as the net.
Last year in mid-November, former Country congressman Ron Paul piloted the comparable variety of Twitter survey- which reckoned 94,894 votes – while Bitcoin superseded with the long-established and traditional styles of money system.