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[THE] TIME WASN’T RIGHT FOR THIS KIND OF USE WHEN VECHAIN LAUNCHED.”

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In a recent interview where he gave an update about the current state of Vechain, Sunny Lu said that China made the right decision when it banned cryptocurrency trading That way, he said, the country eliminated all of the “bad guys” in the space and is now able to facilitate the development of blockchain technologies with actual use cases and implementations.
With more than 35 million transactions recorded in 2019, most of which have come from smart contracts, Vechain now seems confident it’s ready to conquer the DeFi world.
Lu addressed some of the issues Saunders raised when it comes to VET. Vechain’s native token has been struggling with trading volume and is listed on just a handful of exchanges, which could deter both companies and traders from engaging with Vechain.
The CEO said the company has avoided pursuing listings aggressively, as they are very careful with the resources they have. “Being traded on few exchanges is okay for now,” he told Saunders, adding that more listings will happen once more businesses onboard Vechain.
Posted In: VeChain, China, Altcoins, People of Blockchain, Regulation
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