In 2018, I forecast China will surprise the world (again) and change the crypto world. I personally believe in 2018 China will be the first major country to launch a central bank digital currency (CBDC), and that we will also see a large-scale blockchain implementation in the retail and logistic industry with a blockchain solution developed by Chinese companies.
Now, I'll unpack my predictions.
Although cryptocurrency exchanges were banned from China in September this year, the country has always taken a positive attitude toward central bank digital currency and blockchain, actively carrying out relevant research.
In Feb. 2016, for example, People's Bank of China (PBOC) president Mr. Zhou Xiaochun admitted during an interview that the Chinese government has been investigating the adoption of CBDC for a long time. On Dec. 27 of that year, blockchain was written into the "13th Five-Year Plan for National Informatization." The government affirmed the value of blockchain, and it has since risen to the level of our national science and technology strategy.
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