Can Conflux (CFX) make money from Chinese blockchain?
Conflux (CFX) claims to be the first private blockchain that complies with regulations in the People’s Republic of China.
To explain, many blockchain products, including private cryptocurrencies, are illegal in China. However, the People’s Bank of China (PBOC) is promoting a blockchain and a Central Bank Digital Currency (CBDC). To explain, a CBDC is a cryptocurrency issued by a central bank.