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China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated' By Cointelegraph

Summary by Ground News
Yifan He, CEO of Red Date Technology, has penned a new article devoted to various kinds of cryptocurrencies and their supposed Ponzi-like nature. He also criticized the increasingly popular virtual currency concept known as X-to-earn. He is not a fan of Bitcoin or any similar cryptocurrencies himself as well.
2 months ago

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Cointelegraph

China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'

China's Blockchain Service Network chair described private cryptocurrencies as the “biggest Ponzi scheme in human history.” He still believes that stablecoins like USDT are fine if properly regulated.

2 months ago
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Investing.com

China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated' By Cointelegraph

China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'

2 months ago
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China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'

Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a "Ponzi scheme" in any case, China's BSN chair told Cointelegraph.

2 months ago
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China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated' - Cryptic Threadz News

Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has referred to crypto as a “Ponzi scheme.” Yifan He, CEO of Red Date Technology, a major tech firm involved in the development of China’s major blockchain project, the Blockchain Service Network (BSN), has penned […]

2 months ago
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China’s BSN Chair described unregulated crypto as “Ponzi Schemes” - CoinCodeCap

Yifan He described the virtual currency concept model X-to-earn as a “phishing strategy.” He believes all unregulated cryptocurrencies, including Bitcoin are Ponzi schemes

2 months ago
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