NEW CHINESE GOV'T BACKED CRYPTO LAUNCHED FEB 3 SCAM??????

[yababy1]

Distibuted by Yuan-pay, good and bad all over the internet so far

thoughts gentlemen?

 

[Valcazar]

How is it a crypto coin if the Government controls it?

 

[Pleasure Hound]

Mao-Coin or Xi-Coin!!!

 

[Ceiling Cat]

Personally I am not into any crypto, nor do I trust them. So far there has not been a crypto that has been backed by anything other than a promise. This will be the first even to have the suggestion of backing. Should this crypto fail it would reflect very badly on the Chinese government and cost them massively. If I had to buy some crypto, I guess this would be the one.

Looking at the big picture I would wait to see of SBF has killed off the whole crypto market with the FTX scandal.