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Chinese Program Portrays Cryptocurrency In Negative Light
Summary: China’s state-run CCTV1 aired a high-profile television program about blockchain on Monday that presented cryptocurrencies in a negative light. It was made clear during the broadcast that the Chinese government will not be affording cryptocurrency the same favor that blockchain received. During the hour-long program cryptocurrency was described as a “illegal ponzi,” “financial fraud” and ...
China’s state-run CCTV1 aired a high-profile television program about blockchain on Monday that presented cryptocurrencies in a negative light.
It was made clear during the broadcast that the Chinese government will not be affording cryptocurrency the same favor that blockchain received. During the hour-long program cryptocurrency was described as a “illegal ponzi,” “financial fraud” and “illegal security.” The only cryptocurrency not named during the broadcast was Bitcoin, however, it could be assumed that it would fall under the same umbrella.
By Janelle Fox
Tags: Bitcoin,Blockchain,cctb,China,Cryptocurrency
Link: Chinese Program Portrays Cryptocurrency In Negative Light [Copy]
