Facebook made its cryptocurrency announcement on 18th June 2019. In less than 24 hours, Governments around the world asked for a review or a temporary suspension of the project. The Social Media Giant has been called upon to clear the concerns that regulatory watchdogs have. Moreover, the cryptocurrency has created news all around the world.
Chinese citizens are legally allowed to own bitcoin. This was revealed through a recent research report released by Council Member at the Bank of China’s Law Research Association— Sa Xiao Wei. According to Sa Xiao, contrary to popular belief, owning bitcoin in China does not count as a legal offence, even with the ban in