Tuesday, October 3, 2023
  • Home
  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
Newsway
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology
No Result
View All Result
Newsway

JUST IN: Fear grips pioneers as expert revealed Pi Network may be ban in China

T.I UkendebyT.I Ukende
September 21, 2022
A A
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

An Economist and Financial expert, Christopher Jing PhD, has fired back at pioneers forecasting PiCoin to become a global single currency.

The Economic expert expressed that, strict regulations guiding the use of currencies have been enacted in all nations and wondered how a non-governmental currency could overthrow all fiat currencies.

Currency control is very strict in all nations.

In China, companies, banks and individuals must comply with a “closed” capital account policy. Money can’t be freely moved into or out of the country unless it abides by foreign exchange rules.

Pi could be prohibited in China.

— 金博士频道 GOLDENCHANNEL π (@christopherjing) September 21, 2022

READ ALSO

Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment

October 3, 2023

Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem

October 3, 2023

 Pi Network’s Pre-Mainnet Phase: An Exclusive Gateway for Crypto Enthusiasts

October 3, 2023

Christopher said, companies, banks and individuals in China have been mandated to comply with a “closed capital account policy”, so money can not move freely in or out of any country except it complies with the foreign exchange rules in that country. For this, he feared PiCoin as a crypto asset stand the risk of being banned in China.[irp]

In a separate tweet, the economic expert regretted that pioneers got him wrong or misquoted his tweet thinking he wished Pi Network to fail:

“I have no reason to hope Pi to fail but every ego to dream it to succeed.

I just help all pioneers to figure out how to avoid the failure and make success.

Unfortunately, most pioneers fall in love with untruths, don’t listen to me and reject challenges.”

https://twitter.com/christopherjing/status/1572523841678868480?t=NHxK5V8gqJLljZj92Mp6rg&s=19

PiCoin is a cryptocurrency, this is a fact that can not be disputed by pioneers and cryptocurrencies are not regulated by any government. No government can replace it’s fiat currency with a cryptocurrency.

In case you are not aware

A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet.

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

 

0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Latest Post

Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment

October 3, 2023

Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem

October 3, 2023

Ice Network’s Mainnet Set to Go Live on October 7, 2024: A Game-Changer in the Crypto Sphere

October 3, 2023

ICE Network’s Unique Approach to Web3 Integration

October 3, 2023

 Pi Network’s Pre-Mainnet Phase: An Exclusive Gateway for Crypto Enthusiasts

October 3, 2023

Pi Network Merchants Embrace Innovation: QR Scan Function Transforms Payment Landscape

October 3, 2023
Crypto News

Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment

by Terfa Ukende
October 3, 2023
0

...

Read more

Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem

Ice Network’s Mainnet Set to Go Live on October 7, 2024: A Game-Changer in the Crypto Sphere

ICE Network’s Unique Approach to Web3 Integration

 Pi Network’s Pre-Mainnet Phase: An Exclusive Gateway for Crypto Enthusiasts

Crypto News

Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment

by Terfa Ukende
October 3, 2023
0

In the ever-expanding universe of cryptocurrency, Pi Network continues to make waves, offering a unique approach to mining that emphasizes...

Read more

Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem

October 3, 2023

Ice Network’s Mainnet Set to Go Live on October 7, 2024: A Game-Changer in the Crypto Sphere

October 3, 2023

ICE Network’s Unique Approach to Web3 Integration

October 3, 2023

 Pi Network’s Pre-Mainnet Phase: An Exclusive Gateway for Crypto Enthusiasts

October 3, 2023
Previous Post

BREAKING: Pi to fiat Currency Converter designed by a Ghanian Software developer

Next Post

JUST IN: President Buhari’s full speech at 77th United Nations General Assembly today 21/09/2022, held in New York

T.I Ukende

T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog. Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Posts You May Like

Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment

October 3, 2023

Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem

October 3, 2023

Ice Network’s Mainnet Set to Go Live on October 7, 2024: A Game-Changer in the Crypto Sphere

October 3, 2023

ICE Network’s Unique Approach to Web3 Integration

October 3, 2023

 Pi Network’s Pre-Mainnet Phase: An Exclusive Gateway for Crypto Enthusiasts

October 3, 2023

Pi Network Merchants Embrace Innovation: QR Scan Function Transforms Payment Landscape

October 3, 2023

Pi Network Roadmap Update: Clarity Emerges Amidst Rumors

October 3, 2023

Microsoft’s Secret Project: Leaked Roadmap Reveals Plans for Bitcoin and Crypto Wallet, Boosting Prospects for Pi Network

October 2, 2023

The Visionary Profile of Dr. Chengdiao Fan, Head of Product at Pi Network

October 2, 2023

The Visionary Profile of Dr. Nicolas Kokkalis, Head of Technology at Pi Network

October 2, 2023

Vietnamese Pi Network Users Bid Farewell to Traditional Payments with PiPayment

October 2, 2023

JUST IN: Pi Core Team has Given Updates on The Project’s True Goal For KYC

October 2, 2023

Pi Network Unveils Major Updates and Vision Ahead of Open Mainnet Roadmap

October 2, 2023

Pi Network Gears Up for Mainnet Launch, Signaling a Major Milestone

October 2, 2023

Pi Network IOU Faces Significant Decline Ahead of Mainnet Roadmap Update

October 2, 2023
Next Post

JUST IN: President Buhari's full speech at 77th United Nations General Assembly today 21/09/2022, held in New York

Pi Network: Pi Barter Mall reports π20,000 turnover as it unveils new functionality feature on its platform

Categories

Beginner's Guide Business & Finance Crypto News Crypto Regulation Featured Loans News NFTs Opinion Technology
Crypto News

Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment

October 3, 2023
Business & Finance

Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem

October 3, 2023
News

Ice Network’s Mainnet Set to Go Live on October 7, 2024: A Game-Changer in the Crypto Sphere

October 3, 2023
Crypto News

ICE Network’s Unique Approach to Web3 Integration

October 3, 2023

Recent Posts

  • Mining Rate: Pioneers To Spend Four Days Mining Only 1Pi Coin As Base-Rate Got New Adjustment October 3, 2023
  • Pi Network QR Feature Fuels Fast and Convenient Transactions in P2P Ecosystem October 3, 2023
  • Ice Network’s Mainnet Set to Go Live on October 7, 2024: A Game-Changer in the Crypto Sphere October 3, 2023
  • ICE Network’s Unique Approach to Web3 Integration October 3, 2023
  •  Pi Network’s Pre-Mainnet Phase: An Exclusive Gateway for Crypto Enthusiasts October 3, 2023
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology

© 2023 Newsway -Nigeria's Top News Platform About us.

No Result
View All Result
  • Home
  • Crypto News
  • Crypto Regulation
  • Business & Finance
  • Featured
  • NFTs
  • News
  • Loans
  • Opinion
  • Games
  • Beginner’s Guide
  • Technology

© 2023 Newsway -Nigeria's Top News Platform About us.