If successfully implemented in China and replicated across the various Asian economies accounting for more than 4.6 billion of the world’s nearly 8 billion people, one must wonder what might become of privately developed virtual currencies like Bitcoin, Ethereum and others that have dominated the virtual-currency landscape up to now. It is not hard to imagine that any government eager to promote and protect its new sovereign virtual currency could enact legislation, regulations or edicts that would make all transactions and dealings in private virtual currency illegal and thus obsolete.
Ye shall know the phony left by the gates they keep.
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