The world’s largest Ethereum wallet provider, ImToken, has recently given insight about cryptocurrency enthusiasts in China.

According to Lucas Huang who is the business growth manager of ImToken, the typical Chinese cryptocurrency users love to trade and trust centralized storage.

He further adds that a majority of its uses are using mobile wallets compared to computer systems, this is especially the case in rural areas.

Huang explains that most of the Chinese users, prefers centralized storage solutions because they lack the confidence required to set up their own cold storage solutions.

ImToken manager also shared that based on his experience working in the company the second largest use case of Chinese cryptocurrency user was long-term speculation.

Headlines for the world of Cryptocurrencies - August 08, 2019

• New Tax Bill Seeks To Seek Crypto Tax Breaks
• Walmart May Face Lesser Resistance From Regulators
• Coinone Improves Its Safety Measures
• SBI’s New Tech Will Help Them Meet FATF Standards
• Amazon To Put Ads Data On A Distributed Ledger Technology

Headlines for the world of Cryptocurrencies - August 07, 2019

• Former Web3 Foundation Director Pursuing Dao Projects
• Consultancy Firm Go Bullish On Bitcoin
• Bitpoint Restarting Trading Services
• Seoul To Roll Out Crypto-Based Rewards System Soon
• Blockchain-Encrypted Wine Bottles Soon To Be Released By Winemaker

Headlines for the world of Cryptocurrencies - August 06, 2019

• Mastercard Might Be Embracing Cryptocurrencies
• China’s Confusing Relations With Cryptocurrencies
• BTC Reclaimed 12K USD Once Again
• Coinbase Might List 8 New Cryptocurrencies
• EToro Now Supports Tezos