Polkadot (+20%) And VeChain (+15%) Soar As McDonalds China Ignores Crypto Ban

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Bitcoin is trading at $57k in the early hours of Friday morning while Polkadot and VeChain soared up by double digit percentages. Global media reported that Bitcoin mining in China has recently fallen to a near zero percentage worldwide while the US has taken over as the global leader.

Over in Beijing, the local McDonalds has clearly ignored the crypto installed installed by the country’s government though.

Ignoring ban

China is ruled under a communist regime whilst enjoying an economic marketplace that is basically working along the lines of liberal capitalism. If you want more proof of that fact, then all you need to do is check the latest offering by McDonalds Beijing.

In order to celebrate the 31 years that it’s been operating in China, the local McDonalds franchise is offering NFTs to loyal (and lucky) customers. NFTs as you know are Non Fungible Tokens and a very popular part of the cryptosphere.

Ethereum mining pool

The only weird thing about this launch is that the People’s Bank of China (PBoC) has officially banned all cryptocurrency-related activity since a month ago and that Chinese authorities have tightened the screw on crypto-assets very strongly.

In fact, they’ve tightened the screws on crypto activity so much that some of Ethereum’s biggest mining pools have had to announce their closure and Bitcoin mining material is being shipped overseas (mostly to Texas, USA).

McDonald’s China has become the first mainland-based restaurant chain to launch non-fungible tokens (NFT) amid a surge of interest from young consumers in digital retail trends.https://t.co/t3Koq15NbA
Follow us to get more information #NFT #China pic.twitter.com/BMwucVGsPg

— Tech China Advocates (@TechChinaAdv) October 13, 2021

In this more than inhospitable environment, McDonald’s China announced that it would offer an NFT called “Big Mac Rubik’s Cube” to its Chinese customers, as well as some of its employees.

Can you think of a better way to celebrate a special occasion? McDonald’s China decided to celebrate its 31st birthday with an NFT debut of its Big Mac!

Check out https://t.co/lNo5X5otHh now for the juicy news #BLNFT #NFTArt #NFTNews #McDonalds pic.twitter.com/Pt5hzPWtEu

— BLACK LEMON (@BlackLemonwtf) October 12, 2021

More precisely 188 NFT in the form of hamburgers / rubik’s cubes that will be distributed. I’m going to guess the local McDonalds management forgot about the crypto ban.

fxquadro / Depositphotos.com