摘要: China has appeared to be hostile territory for cryptocurrency since it officially shuttered all crypto exchanges in the country in 2017. But if that is the case, why did Chinese state media run a segment promoting cryptos, Ethereum and DeFi over the weekend?
Since China’s cryptocurrency exchange ban, which was announced in September 2017, and made it illegal for Chinese mainlanders to exchange digital currency—there has been a general consensus that China was making way for its own government-controlled central bank digital currency (CBDC) or DCEP.
However, a segment that aired on China state television over the weekend may be evidence that those outside China have misinterpreted Beijing’s intentions towards the emerging assets sector. The program which reaches hundreds of millions of Chinese viewers and is run by the state appeared to heavily promote the potential of cryptocurrencies, Ethereum, and DeFi.
Chinese State Television on Ethereum and DeFi
On Sept. 26, China Central Television (CCTV) the official state channel which broadcasts to one billion views in China, aired a segment on the potential of cryptocurrencies.
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