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Crypto against. Chinese Digital Currency: Never The Two Will Not Meet

January 15, 2022
Source: motorworld.app motorworld.app
News Snapshot:
The pandemic has boosted demand for virtual currency in China, as elsewhere. But in June, the government banned crypto mining. This has firmly placed China in the field of virtual currency to increase government surveillance. Are cryptocurrencies and the virtual competing? Non. La China doesn’t like energy consumption and greenhouse gases related to cryptocurrency mining. Regulators also believe, rightly, that cryptocurrencies are used for cash laundering, capital flight, and illegal transactions, so why? What they actively help is their own virtual currency electronic payment formula (DCEP), which is absolutely distinct from crypto. DCEP is a virtual form of Chinese fiat...
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