There is an opinion that China controls the crypto economy. Indeed, China owns 50% of the total worldwide bitcoin mining capacity. Mining in China is the most profitable cause of subsidized electricity and low-priced chips.
However, there are more than 2000 cryptocurrencies within crypto market as of March 2015. Crypto market also includes crypto exchanges, ICO projects and etc. ICO has been banned by Chinese government. The belief that crypto economy is controlled by China is a false.
Crypto economy is huge and worldwide. There are no leading countries. But there are countries which are more liberal to cryptocurrencies than China. For example, the U.K. owns most of crypto ATMs. In Arnhem, Netherlands also known as Bitcoin city, bitcoin is accepted as a payment in most places of the city: from barbershops to hotels.
In Finom corporation, operating outside China, there are such running projects as TabTrader, the most popular cryptocurrency trading terminal, and Nanopool, one of the largest mining pool of altcoins in the world.
#finom_opinion
Source : Facebook Finom
Stay Tuned..
