People’s Republic of China (PRC) 中华人民共和国 was one of the first governments to ban bitcoin, cryptocurrency. Now, the PRC is the first country to come out with official government crypto rankings. Its China Center for Information Industry Development (CCID) used three filters through which coins would be judged: innovation, technology, application. Rather surprisingly to some enthusiasts, bitcoin core (BTC) didn’t even crack the top ten, while bitcoin cash (BCH) almost didn’t make the list at all.
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China Lists Ethereum as Best in Crypto Class
In what is either widely being referred to as a case of communist schizophrenia or a passive nod to the inevitable financial future, the PRC’s CCID released its first set of cryptocurrency rankings. China, of course, outright banned crypto in all its various forms, and the broader market was thought to have plummeted for a time as a result. That it is now publishing coin rankings is confusing to many observers.
CN Ledger, a popular Twitter handle, was the first to expose the rankings to the outside world. Its author, Eric Zhao, explained how “most old-school experts haven’t followed the crypto space long enough to grasp some of the traits of tech and community that can’t be found elsewhere.”
Indeed, this year found Weiss Ratings’ inaugural list of their rankings, as these pages reported. It too was very controversial. “The eagerly-anticipated report rates 74 of the most popular cryptocurrencies on the market, scoring them from A to D,” we wrote. “Such was the level of interest in the report, the company’s website was knocked offline as interest peaked on Wednesday morning. Weiss Ratings include some controversial scores for currencies such as bitcoin and ethereum that are
