How can they use blockchain as currency?

I'm not really surprised with this progress, even though China ban ICOs, their part in crypto mining is apparent. It's just business as usual, and I believe they won't let this opportunity to slip away. However, it's important to note that blockchain is what being pursued, not essentially supporting cryptocurrency.

I doubt this won't change anything regarding their ban on ICOs though.

this seems to me like another one of those articles that tries so hard at exaggerating the position of China this time only because they have dedicated some funds to certain areas. although that amount is high but it doesn't mean they are going to "rule crypto". China is like many other countries that are trying to stay ahead of the curve when it comes to the blockchain technology and adopt it sooner than others. i still don't see anything there that gives them any more advantage to other countries.

Is it true? Or just a rumor? When I first read it, I don't have a good feeling about it. Well or maybe I just don't like China to take over control the crypto currency. Honestly, I preferred it to be the Japan. But furthermore, the Bitcoin, having its own unique characteristics as a decentralized one is what best describe the entire crypto community.

The article tackled one of my questions in my head upon reading the title of this thread. Why would China rule Crypto when they are willing to ban ICO (good job because of the scams people try to pull off in it) and made an agreement where it’s not allowed to have exchanges etc. Some of the exchanges just moved from China Mainland to Hong Kong, which is essential, China as well. So doing that means it confused me that China still wants to be stronger and ahead of the “blockchain” that started it all.

It’s still early to say, but those investments toward improving their technology and research with regards to blockchain would definitely increase and put themselves steps ahead of the competition. It’s a race now between leaders.

Neo is not important, just a pump an dump, but China does rule the encryption.
Because we have huobi binance okex bitfinex(hong kong) bitmain

I think it's something that could be good for all of us. But we do not know about the content of the regulation. It is useful if they leave a living space for crypto coins.

Agreed Japan already does in some respects - legislation + guidance already in place

I am not sure about China ruling cryptocurrencies with all the bans they have there plus they already have their own platforms running digital payments. Maybe they can become number one adopters of blockchain technology.

i doubt that, china is spreading blockchain adaption officially but miners are scattered, they might be in huge in numbers, but not going to dominate crypto.