Published 1 year ago

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.

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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.

1 year 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'

1 year ago

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CryptoPanic

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.

1 year ago

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Cryptic Threadz News

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 […]

1 year ago

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coincodecap.com

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

1 year ago

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

5 Articles

5 Articles

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

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

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 calls Bitcoin Ponzi, stablecoins 'fine if regulated'

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

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

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

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

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