{"id":45624,"date":"2022-03-04T14:45:59","date_gmt":"2022-03-04T13:45:59","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=45624"},"modified":"2022-03-04T14:45:59","modified_gmt":"2022-03-04T13:45:59","slug":"according-to-the-pbc-the-global-share-of-bitcoin-transactions-in-china-has-dropped-from-90-to-10","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/according-to-the-pbc-the-global-share-of-bitcoin-transactions-in-china-has-dropped-from-90-to-10\/","title":{"rendered":"According to the PBC the Global Share of Bitcoin Transactions in China Has Dropped From 90% To 10%"},"content":{"rendered":"
China is one of the countries that has gone to great lengths to prohibit and criminalize the use of cryptocurrencies<\/strong>. In a recent article, the People’s Bank of China (PBC)<\/strong> revealed the effect of state measures on digital asset trading in the country.<\/p>\n <\/p>\n In a market as important and numerous as China’s, the impact of these measures is felt globally. According to the aforementioned report, the country’s share of worldwide Bitcoin transactions has fallen from 90% to 10%.<\/strong><\/p>\n The Chinese government tops the list of states with negative stances towards Bitcoin and cryptocurrencies in general<\/strong>. Since the use of digital currencies became so popular in the country, China has put in place strong measures to ban it. The main reason for this decision is that, according to the government, cryptocurrencies pose a risk to the country’s financial stability.<\/strong><\/p>\nWhat does the PBC report say?<\/h2>\n