NEO might be far more than just a cryptocurrency. Smart investors would be well advised to buy it now, because the team behind NEO might have some important backers in high places – in Beijing.Read more
The PBOC is in a rush to develop a digital currency because of China’s experience with bitcoin. China is the world’s largest market for bitcoin because the cryptocurrency allows the country’s residents to easily bypass its’ rigid currency controls.
The central bankers apparently hope that issuing their own cryptocurrency will give them some control over the situation. Some control is better than no control which is what they have right now.Read more