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Chinas Crypto Market- Digital Yuan as an Alternative to Private Cryptocurrencies

August 19, 2021
Source: africapulse.com africapulse.com
News Snapshot:
[Chinas Crypto Market- Digital Yuan as an Alternative to Private Cryptocurrencies] In May–June 2021, China—allegedly to preserve financial stability—banned mining of bitcoin and other crypto assets in such major mining centers as Inner Mongolia, Sichuan, Xinjiang and Yunnan. The total ban on mining was far from unexpected for miners as the Chinese authorities had repeatedly issued warnings over the risks of bitcoin mining since 2013.… Original URL: [Click here to visit original article]
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Tags: ban | bitcoin | blockchain | boycott | Chinese | crypto | currency | digital | E-CNY | finance | financial | fintech | Inner Mongolia | Mongolia | Renminbi | sichuan | Total | Xinjiang | Yuan | Yunnan

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