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Given the cutback on crypto transactions enforced by the government of China, NEO has the capability to evolve as the crypto of everyone’s choice in the well-regulated nation and probably around the globe. From the time of creation, the Onchain technology of NEO was developed to be regulation-friendly with a centralized mechanism that is much different from many other cryptocurrencies.
This approach supports the survival and prosperity even in China, where the government regulators have been keeping an increasingly strict eye on the world of cryptocurrency. They are concerned about the financial risks investors face due to cryptocurrency speculations. Plus, the crypto’s vast mining operations may become such an issue for china’s electricity supply that it eventually threatens their environmental goals.
What is Meant By NEO?
NEO was established in 2014 by Erik Zhan & Da Hongfei in China that later rebranded in June 2017 with the name NEO. It is a platform based...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...