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Is NEO supported by Chinese government?

Is NEO supported by Chinese government?

The first being that Neo is backed by the Chinese Government, whereas Ethereum’s developers and supports form a democratic foundation. The fact that the Chinese government has made statements in NEO’s favor, has helped the altcoin soar in popularity in recent years.

Is NEO the Chinese Ethereum?

NEO is widely considered to be China’s answer to Ethereum. Both cryptocurrencies use smart contracts but NEO takes advantage of its unique blockchain in order to improve on Ethereum’s network. NEO has defined itself as the distributed network for the smart economy.

Which Cryptocurrency is backed by Chinese government?

digital yuan
After almost eight years in development, the digital yuan arrived in the wallets of ordinary users in government-led trials last year. The digital currency is distributed to consumers by the central bank via six major commercial banks, usually through a wallet app.

Why does China dislike Cryptocurrency?

China first moved in 2013 to restrict its banks from using Bitcoin as currency, citing concerns its inherently speculative nature threatens the country’s financial stability. Over the years, the government has become even more wary.

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Is NEO worth investing in?

NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies. A release of N3 is a springboard for the NEO price. Let’s get a foretaste of the NEO future value by looking at the predictions given by famous crypto traders and reputable publications.

Is NEO a good crypto?

NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies. A release of N3 is a springboard for the NEO price.

Does the Chinese government own bitcoin?

“Bitcoin is really controlled by China. There are four miners in China that control over 50\% in bitcoin. (TWTR) CEO Jack Dorsey told London’s Sunday Times in March that bitcoin could become the world’s single global currency in ten years.

Is NEO coin a good investment 2021?

NEO Price Prediction for the Rest of 2021 by Crypto Experts NEO, thanks to its great potential, is a better long-term investment than many other cryptocurrencies. A release of N3 is a springboard for the NEO price.

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