Cryptocurrency News
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
2022.06.27 20:46
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
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 a new article devoted to various kinds of cryptocurrencies and their supposed Ponzi-like nature.
