With the CBAC, East Meets West in Search of Adoption and Innovation

With the CBAC, East Meets West in Search of Adoption and Innovation
The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.But the Chinese government’s ire is not just outward-facing. As a country where ICOs are currently not allowed, exchanges have had their bank accounts frozen, and internet and mobile access to cryptocurrency trading information has been banned, China is taking an equally hard line on a wide range of crypto-centric activities within its own borders. All this despite a stark dichotomy, wherein over 50 percent of the worldwide mining population resided within its borders in 2017, and cryptocurrency adoption is outpacing most other countries. While trade war bullets may be flying thick and fast between these two mega-economies, the key to a better Chinese blockchain sector just may be unlocked by deploying cooperative forces in the United States, as seen by the recent launch of a New York City office for the China Blockchain Application Center (CBAC). The CBAC NY was founded with the hope of paving the way for rapid blockchain adoption in China, in part by picking up regulatory best practices from the United States, all while fostering blockchain and crypto collaboration between the two nations.An early-s... For Further Information Click on Below Button
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