Crypto companies are halting their operation for Chinese mainland clients following the recent announcement by the People’s Bank of China (PBOC) that puts a blanket on crypto-related transactions and off-shore exchanges.
China’s stance on cryptocurrency has always been a critical one. In fact, it was one of the first nations in the world to outright prohibit involvement
It seems that China is now softening its stance on crypto assets as Li Bo, deputy governor of the People’s Bank of China (PBOC), has called Bitcoin and other crypto-assets investment alternatives, not currencies.
The Chinese conducted about 20,000 transactions of Digital Yuan, China’s new digital currency, on eCommerce platform JD.com on the Double 12 event on Friday during a real-world trial of Digital Yuan.
The People’s Bank of China (PBoC) reached 4 million transactions so far with its digital yuan, reports Bloomberg. The digital yuan is a Central Bank Digital
The People’s Bank of China (PBOC) revealed today that the new digital yuan will be mandatory to deal with and that it will be regulated like
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