China new cryptocurrency

china new cryptocurrency

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Sign up now for the and mining dhina country has continued its development of blockchain technology, mostly for government surveillance and identification purposes.

Feb 10,am EST.

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The blockchain-backed digital currency project, which the People's Republic of China has been working on for seven years, has finally been completed. China maintains a blanket ban on the trading of any cryptocurrencies, as the government regards them as a source of financial risk. Latest News. This is the biggest rollout of the currency, also known as the e-CNY, in China so far, according to state media. Government employees as well as.
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But he's not the only one in regulators' sights. Foreigners are able to use e-CNY through the digital yuan app, however, there are a few caveats. Business Setup. Some argue that the real barriers to internationalisation of the renminbi are China's capital controls, which it has no plans to remove.