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China’s State TV Promotes A Crypto-Asset Book Despite The Country’s Stand On Digital Assets

China’s state TV Channel CCTV2 endorsed a popular book that boasts cryptocurrency during its recent ad segment to the Chinese audience on Feb 13. The book is titled “Cryptoassets: The Innovative Investor’s guide to Bitcoin and beyond.”

The book is an edited version of Andreas Antonopoulos’ crypto-book titled: “Mastering Bitcoin,” which was also aired on China’s CCTV2 channel last year, Oct.19.

“Cryptoassets: The Innovative Investor’s guide to Bitcoin and beyond,” was co-authored by Chris Burniske and Jack Tatar, who are both known creators and experts in crypto-asset investments. The book provides an ultimate guide for inventive investors to the prospects of crypto-assets.

The preface of the book states this:

“In addition to offering smart investments strategies, this authoritative resource will help you understand how these assets were created, how they work, and how they are evolving amid the blockchain revolution.”

Written in the Chinese language, the authors of the book emphasized on the wide-range of prospects in the crypto-space.

The anchors on China’s CCTV2 stated that crypto-assets is one of the greatest investments ever since the Internet came to life. Let’s not forget, more than 1500 cryptocurrencies have become the new investment points for investors since the inception of Bitcoin.

The Chinese TV-station CCTV2 during the ad, talked on Bitcoin and other cryptos after Andreas Antonopoulos’ “Mastering Bitcoin” was talked on, last year. Besides recommending the book to its viewers, the station emphasized on the crypto-sphere changing aspects, covering areas such as the surges and dips of the Bitcoin price, crypto-mining and distress in South Korea among others.

China’s Stance On Cryptocurrencies

No doubts, China’s approach to cryptocurrencies is a love-or-hate relationship. Last year, the Chinese capital, Beijing, tried to limit the speculations in digital currencies almost a year after banning their sales through ICOs.

In Aug 2018, the Chinese authorities warned on the risk involved in cryptocurrencies and other fundraising programs that disguise themselves as cryptos. Due to that, one prominent business in the Chinese capital banned the promotion of crypto-events.

Interesting, China is a stronghold for Bitcoin mining, and it still accounts for the majority of BTC tokens today. Despite all these, there is intense scrutiny especially with the price swings of BTC and the illicit crypto-events in the country. All these made China’s financial authorities to prohibit the sales and promotion of new cryptocurrencies through ICOs in 2017.

China aims to uphold financial stability in its economy by cutting money solicitation from ordinary people in the country for cryptocurrency investments. Recently, the country enforced anti-anonymity rules to enable efficient crypto regulation.

Even though China is strict about cryptocurrencies, it still stands as a hothouse for cryptocurrency innovations. The country plans to have smart cities that will encourage digital assets, and its internet giant, Baidu, launched the Blockchain-as-a-service platform for the distribution of decentralized applications not too long ago.

Overall, the move by CCTV2 to broadcast crypto-assets worldwide gives a big boost to cryptocurrencies. Probably, we may be in for more insights on cryptocurrencies to the Chinese viewers very soon.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Price Analysis Watch (Feb 22nd)

(Excerpt) Read more Here | 2019-02-22 18:14:00

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