Bitcoin Demand in China High Even as Yuan Eyes Best Quarter on Record

Yuan	2020-9-19 12:00

Bitcoin traders used to treat a weaker yuan as their cue to increase their exposure in the cryptocurrency. But it now appears they want to keep holding Bitcoin even against a rising Chinese currency.

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Источник: bitcoinist.com

bitcoin yuan → Результатов: 126

What Does The Digital Yuan Mean For Bitcoin?

The forthcoming introduction of a digital yuan in China is the latest in the ongoing battle between fiat currencies and bitcoin. The post What Does The Digital Yuan Mean For Bitcoin? appeared first on Bitcoin Magazine.

2021-1-22 21:50	PBoC
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Goldman’s Eerie Yuan Crash Prediction Bolsters Bitcoin Bullish Outlook in June

Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months. Both assets have shown an erratic negative correlation in the past. Goldman Sachs sees yuan falling to its 2008 low, raising possibilities of an explosive price rally in the Bitcoin market.

2020-6-1 14:00	xbtusd
bitcoin yuan goldman june market falling 2008

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Is China Loading Up on Bitcoin as Yuan Gets Crushed?

Bitcoin has had a monumental morning on the Asian trading session. With a 10 percent surge on the day BTC has reached a three week high while in China, the Yuan collapses to a 10-year low against the greenback.

2019-8-5 14:00	Yuan
bitcoin yuan china loading trading btc crushed

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Bitcoin And China’s Yuan Are Inversely Correlated, Blockchain.com Research Says

BTC Spiked As The RMB Fell Evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently.

2019-5-19 09:30	Market
bitcoin yuan china rmb says inversely research

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Bitcoin Pump: Trade War Narrative Solidifies

One of the more popular justifications for the current bull market floating around the Internet is the growing hostility between China and the USA. Several experts and industry insiders believe Chinese investors are pulling their money out of the Yuan in anticipation of further depreciation, as reported by Forbes on May 15, 2019.

2019-5-17 01:00	USDT
bitcoin chinese trade reported forbes pump may

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Shocking! ‘Bitcoin Wins the Trade War’ as Chinese Investors Pile In

By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge.

2019-5-17 21:40	Us-China Trade War
bitcoin investors chinese cryptocurrency when shocking institutional

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Chinese Entering Bitcoin As Safe Haven, Driving Recent BTC Price Surge: Forbes

As a trade war between US and China has taken off, the US is raising trade tariffs with Chinese yuan rate going down and people starting to use crypto as a safe haven. Several major... The post Chinese Entering Bitcoin As Safe Haven, Driving Recent BTC Price Surge: Forbes appeared first on Ethereum World News.

2019-5-16 09:10
haven safe chinese forbes trade surge price

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Bitcoin Breaks $8,000: Four Factors Behind the Rally

This article was originally published by 8btc and written by Lylian Teng. The bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green.

2019-5-15 19:01	Bitcoin
bitcoin vds price crypto percent chinese trading

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Binance Reveals Hack Information as Security Becomes a Public Concern

This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin.

2019-5-10 18:48	Privacy & security
binance bitcoin attack exchange hacker hack bitcoins

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Bitcoin Below $1 Million by 2020 is Impossible, It’s Pure Mathematics, Says John McAfee

Coinspeaker Bitcoin Below $1 Million by 2020 is Impossible, It’s Pure Mathematics, Says John McAfeeAccording to John McAfee, Bitcoin will be used for payments and receipts instead of the US dollar, Euro, and Chinese Yuan, and will hit $1M by the year of 2020.

2019-4-17 12:20	John McAfee
john bitcoin 2020 says mcafee mathematics below

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USDT premium was caused by USD inflow and not Tether Inflation, claims Chinese Bitcoin Billionaire

Bitcoin [BTC] recently led a significant bull run which pumped up the price by 15% in valuation. After the hike, the price of USDT was over 7 yuan on over-the-counter platforms, which meant crypto traders based out of China had to pay an additional 3 percent to 5 percent for Tether [USDT] to avoid a […] The post USDT premium was caused by USD inflow and not Tether Inflation, claims Chinese Bitcoin Billionaire appeared first on AMBCrypto.

2019-4-16 04:30	Social
usdt tether bitcoin usd price caused billionaire

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As Supply Exceeds Demand, Mining Price War Ignites in Sichuan

This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought.

2019-4-13 19:07	Mining
mining farm price sichuan electricity yuan miners

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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.

2019-4-11 23:38	Mining
miners electricity iran said power border feng

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Chinese Crypto Bulls on the Horizon — Almost $160M Yuan Flowed into the Bitcoin Market in the Last 24 Hours

Now that the cryptocurrency market has seemingly bottomed or is near its bottom, an influx of Chinese Yuan (CNY)… The post Chinese Crypto Bulls on the Horizon — Almost $160M Yuan Flowed into the Bitcoin Market in the Last 24 Hours appeared first on Invest In Blockchain.

2019-3-21 20:33	China
yuan chinese market horizon crypto bulls hours

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Chinese Profits from Roaring Stock Market Moving into Bitcoin & Crypto

Chinese Money is flowing into Bitcoin and cryptocurrencies from the profits made by its roaring stock market. Largest Chinese exchanges registered double volume while Chinese Yuan is seeing the highest money flow in cryptos after US dollar in fiat currency.

2019-3-20 17:24	News
chinese stock market profits money bitcoin roaring

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CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike

Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter.

2019-3-19 07:45	Yuan
shanghai composite surge cny against bitcoin exchanges

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China’s Resurgent Stock Market is Seeing Profits Flow Into Bitcoin

China is returning to Bitcoin investment despite its ongoing trading ban, data suggests this week as the Bitcoin price holds higher. Yuan No. 2 Entry Fiat Currency Statistics gathered by monitoring resource Coinlib showing capital inflow into bitcoin and other cryptocurrencies puts the Chinese yuan (CNY) in the top entry currencies.

2019-3-18 12:00	trading
bitcoin seeing china yuan entry resurgent cny

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Taiwan: FSC Says STO-Based Crowdfunding Mechanism Coming Soon

According to a report by local financial news outlet Taiwan Economic Daily, Taiwan’s Financial Supervisory Commission (FSC) has announced that it will establish a new mechanism to raise funds based on security token offerings (STOs).

2019-3-5 21:00	Taiwan
taiwan fsc financial new mechanism government agency

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This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down.

2019-2-17 03:12
bitcoin mining crypto price chinese surge pool

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Respected Chinese Crypto Miner of Poolin Believes Bitcoin Could Scale up to $738,000 Price in the Future

According to the Zhu Fa, the co-founder of Poolin (a Chinese crypto mining firm), the price of Bitcoin (BTC) could scale up to a staggering 5 million Yuan (USD $738,000 approx) in the coming few years.

2019-2-16 19:12	News
738 price zhu crypto scale poolin chinese

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Crypto Raid In China Of Bitcoin Scam I Am A Clown (IAC) Worth 1.3 Billion Yuan ($193 Million)

Chinese Police arrested a group of cryptocurrency scammers following a raid in Xuchang City. The bust, which took place five months ago, was only publicized this week after a story on CCTV News. During the break-in, police seized cash valued at $1.

2019-2-1 02:07	News
police billion million 193 yuan raid cctv

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$3 Million in Stolen Electricity Leads to $14.5 Million in Crypto Mining Earnings

A Taiwanese Bitcoin miner identified with the last name Yang was recently arrested and charged by authorities for mining 100 million yuan ($14. 5 million) in cryptocurrencies. He used NT$100 million ($3.

2018-12-28 14:29	Mining
million mining crypto stolen electricity bitcoin 100

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Chinese Government-Backed Company to Launch Stablecoin by February

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($1. 5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019.

2018-12-5 23:15
stablecoin february company chinese billion government-backed launch

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China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-5 22:04	Regulation
bank china pboc investors icos crypto report

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China's Central Bank Wants to Put the Damper on Airdrops: Report

2018-11-7 22:04	Regulation
bank china pboc icos investors crypto report

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Taiwanese Government Amends Cryptocurrency Laws for Privacy-Focussed Transactions

The Taiwanese Government recently amended their anti-money laundering and Countering Finance Terrorism (AML/CFT) laws concerning cryptocurrency regulations. According to an Asia Times article published on November 5, 2018, these revisions and changes will give Taiwan’s Financial Supervisory Commission (FSC), the ability to crack down on any anonymous cryptocurrency transactions.

2018-11-5 20:00	Taiwan
cryptocurrency laws november taiwanese 2018 transactions government

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Japan: First Bank of Toyama Piloting a Stablecoin Pegged to the Yuan

A Japanese bank has taken advantage of the ruling that stablecoins are not cryptocurrencies. The First Bank of Toyama has launched a pilot project to test its own stablecoin, the First Bank Coin (FBC), and plans to commercialize the token in October 2019.

2018-11-5 16:59	Japan
bank stablecoin pegged yuan toyama japan piloting

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Taiwan Passes Law to Crack Down on Anonymous Crypto Transactions

The Taiwanese government has amended its laws that regulate cryptocurrency transactions. The revisions reportedly give the country’s Financial Supervisory Commission “the authority to crack down on anonymous virtual currency transactions.

2018-11-5 01:15
transactions anonymous crypto down crack taiwan passed

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Taiwan Passes Law to Crack Down on Anonymous Cryptocurrency Transactions

2018-11-5 01:15
transactions anonymous cryptocurrency down crack taiwan passed

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Venezuela Begins Public Sale of National Cryptocurrency Petro

The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies.

2018-10-31 14:50	Wallet
national cryptocurrency petro venezuela government public sale

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CnLedger Crypto News Report Says China Businesses Can Accept Bitcoin Payments Legally

The Chinese government is known to come down hard on anything they see as a threat to the nation. Bitcoin and other cryptocurrencies were no exception. The state had placed a blanket ban in the past in order to protect the Chinese Yuan.

2018-10-29 00:16	News
bitcoin chinese order ban past blanket exception

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Top Bitcoin and Cryptocurrency News For Today October 12th [VIDEO]

Nouriel Roubini and Peter Van Valkenburgh To Discuss Cryptos In Congress Today Nouriel Roubini and Peter Van Valkenburgh To Discuss Cryptos In Congress Today OKCoin USA to Release New Chinese Yuan (RMB)-backed Stablecoin OKCoin USA to Release New Chinese Yuan (RMB)-backed Stablecoin Crypto Funds Get Investments from Stanford, Harvard, MIT, North Carolina and More Per […]

2018-10-13 00:54	News
today usa congress discuss cryptos release chinese

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Bitcoin Miner Imprisoned for Stealing Power from Trains

A Chinese bitcoin miner from Shanxi province has been jailed after admitting to the theft of 104,000 yuan ($15,000) worth of electricity from a train network. Cheap Day Return Obviously, stealing that much power would take an awful lot of train travel.

2018-10-11 20:00	China
power bitcoin miner stealing train return network

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Chinese Yuan Weakens to Yearly Low Point, Will it Strengthen Bitcoin?

The national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped below 6. 93 per dollar this week, within a striking range of its January 2017 low, owing to a series of negative factors from weaker equities to a vaguer monetary stance by the People Bank of China.

2018-10-9 15:32	Yuan
yuan low china chinese bitcoin strengthen point

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Chinese man arrested for stealing electricity to mine Bitcoin

I’ve heard some pretty innovative ways to avoid the electricity bill while mining cryptocurrency, but this is a new one. A Chinese man has been stealing electricity from a local railway network operator in order to power his Bitcoin mining rigs.

2018-10-8 15:45	hard fork
electricity man chinese bitcoin mining stealing arrested

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OKCoin Expands Token-to-Token Platform to 20 States

Today, September 12, 2018, OKCoin announced that the company will be offering token-to-token only trading in twenty states across the U. S. This announcement of its expansion in U.

2018-9-12 17:01	Investing
okcoin states okex trading token-to-token however new

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Three Chinese Men In Custody Over $87M Cryptocurrency Theft

Police in China has detained three men suspected of pulling the country’s biggest ever cryptocurrency heist — worth 600 million yuan ($87 million). Theft is China’s Biggest: Reports As multiple outlets report quoting local news publication Huashang News on August 19, authorities concluded an investigation spanning almost six months into three men who allegedly hacked a computer for Bitcoin and Ether.

2018-8-20 12:00	#scams
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Police Arrest Hackers Suspected of Stealing $87 Million in Crypto

Chinese police have arrested three individuals who allegedly stole bitcoin and other cryptocurrencies worth around 600 million yuan, or $87 million.

2018-8-20 08:00	Republished
million police bitcoin stole allegedly yuan around

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Chinese Round-Up: Bitcoin ‘Unicorn’ ratings, the number of DLT companies will explode

Bitmain is ranked 13th on the list, with Hurun valuing the company to be worth 70 billion yuan ($10. 3 billion USD approximately). Canaan Creative also holds a significant position on the list, sitting at 32nd (tied with 20 other companies) with a valuation of roughly 20.

2018-7-19 11:45	Yuan
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Chinese Authorities Clampdown on Billion Dollar Bitcoin Gambling Ring

On July 11, 2018, the Chinese police apprehended over 540 people for organizing an online soccer gambling game which involved the exchange of bitcoins. The illegal betting places were conducted in south China’s Guangdong Province.

2018-7-15 14:30
gambling billion chinese police guangdong province involved

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China breaks up underground $1.5 billion World Cup crypto-gambling ring

In a first for China, an illegal World Cup gambling ring has been busted holding more than $1. 5 billion in live bets – all in cryptocurrencies. Six major suspects are in custody. Nestled in a southern Guangdong province, the syndicate is reported to have themselves been sitting on $1.

2018-7-13 11:49	Insider
ring china cup billion world provide ones

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China’s Cryptocurrency Clampdown Turns Country Into A Bitcoin “Wasteland”

China was once the hub of the cryptocurrency movement. After a government crackdown in 2017, however, China has become a cryptocurrency “wasteland” according to a new report from Bloomberg. “Crackdown turns China from bitcoin’s epicenter to a wasteland,” reported Bloomberg earlier this week, citing stats like declining Yuan volume on cryptocurrency exchanges worldwide. The Chinese […]

2018-7-13 07:21	News
china cryptocurrency wasteland bloomberg crackdown turns bitcoin

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Chinese Yuan’s Share of Bitcoin Trading Dropped From 90% to 1%

China is one of the more technologically advanced nations in the world, and with its population closing in on 1. 4 billion, it was naturally one of the biggest Bitcoin markets during the cryptocurrency’s early days.

2018-7-13 05:00
one world biggest bitcoin cryptocurrency early markets

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Chinese Yuan’s Usage in Bitcoin Transactions Falls Dramatically After Regulatory Crackdown

A report from the Chinese news agency, Xinhua, has revealed that the Chinese Yuan’s share of bitcoin transactions has fallen dramatically following the Chinese government’s decision to impose a series of bans and restrictions on cryptocurrency trading and ICO fundraising in the world’s second largest economy.

2018-7-12 11:00	Regulation
chinese dramatically transactions yuan bitcoin trading crackdown

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Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard of cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs.

2018-7-10 20:00	China
chinese cryptocurrency trading down bitcoin yuan peak

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China Celebrates Killing Its Bitcoin Exchanges as CNY Volume Falls Under 1%

The People’s Bank of China (PBOC) has declared victory over Bitcoin, stating that the market leader’s trading in its national currency has fallen to less than 1 percent of total global volume.

2018-7-10 16:00	trading volume
bitcoin volume china under cny global trading

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China Separates Yuan From Bitcoin

Bitcoin trading in China is under tremendous pressure, as Chinese authorities continue to run the gauntlet into cryptocurrency trading and suspending transactions. The authorities claim the move is aimed at minimising the risks for its people.

2018-7-10 22:54	Yuan
bitcoin authorities china yuan separates trading remain

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Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report

Report: China’s central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the country’s crypto

2018-7-9 21:20	Central Bank
bitcoin trades says report less yuan accounts

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If Nigeria finds a way to hedge against its nair

Bitcoin’s Volatility No Match For Nigeria’s Naira “I can use Bitcoin for anything now […],” Soji, a Lagos web designer told Jeremy Kirshbaum and Pelumi Oguntemehin. “It means I can invest and also pay anybody currently, except old people, I will send them bitcoin. The Nigerian Naira fell against the Chinese yuan by over 15%,

2018-6-27 14:48	volatility
bitcoin naira against nigeria currently except anybody

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China opens industrial park for digital yuan CBDC development in Shenzhen

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.

Russia will use Chinese yuan for transactions, avoiding sanctions

A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America.

Digital Yuan Gifts In China During Holiday To Increase Adoption, Report Says

Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development.

China’s central bank includes digital yuan in report on currency circulation

The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.

China Seeks To Reduce Dependence On Dollar, Proposes To Issue An Asian Yuan

Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used international currency.

China will expand CBDC trials to most populous province: Report

PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."

China will gift digital yuan to its citizens to boost the economy after the lockdown

In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.

2020-9-19 12:00

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