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

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

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

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

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.

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 […]

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.