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Gold Bits Coin - Blockchain and cryptocurrency technology acceptance

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China has begun to start embracing Blockchain technology and has stepped up its efforts to support the creation of Blockchain ecosystem.

The Chairman of the Industrial and Commercial Bank of China (ICBC) has said that the bank will focus on blockchain technology development, BiaNews reported September 1.

Founded in 1984, the ICBC is reportedly the largest bank in China with over 5,000 corporate and 530 million personal customers. In 2017, the bank focused on the construction of “intelligent banking” and “accelerated deployment in the field of financial technologies. ”

The ICBC Chairman Yi  Huiman reportedly said that the financial institution will focus on innovations in cloud computing, big data, artificial intelligence (AI), the blockchain, and the Internet of Things.

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Well it is a move for them to get some money and i don't think so that they could control the blockchain but it is a good move inspiring other banks to move forward along with them. 

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22 minutes ago, Kate said:

Well it is a move for them to get some money and i don't think so that they could control the blockchain but it is a good move inspiring other banks to move forward along with them. 

Crypto has nothing to do with banks, and well if you hold it at the bank it would most likely be a pain in the ass to sell when ever you wanteed and cause crypto is volitile it is better  to have  full controll of your own crypto not let some bank handle it, as they would most likley use it to gain personal gains, and the customer would gain nothing

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1 minute ago, Sefan said:

Crypto has nothing to do with banks, and well if you hold it at the bank it would most likely be a pain in the ass to sell when ever you wanteed and cause crypto is volitile it is better  to have  full controll of your own crypto not let some bank handle it, as they would most likley use it to gain personal gains, and the customer would gain nothing

I would never store my cryptos in bank . A bank is just a very greedy cooperate that is established just to take our money away from us for no reasons. Holding money in that is also a thing i hate to do but have to do it. 

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The fact that China is willing to look into crypto and study it shows that they are accepting of potential change - which is a huge positive sign for the crypto market as China is a leader in the global markets.

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4 hours ago, Kate said:

I would never store my cryptos in bank . A bank is just a very greedy cooperate that is established just to take our money away from us for no reasons. Holding money in that is also a thing i hate to do but have to do it. 

ye i wouldnt either but thats cause i wouldnt trust them, and it might just as well become like the bitconeeeeeeeeeccct equvilant 

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