China's View About Cryptocurrency , The yuan is getting a new avatar. Regardless, the overflow of bitcoin in the country has been on a rise, peaking at $17.5 billion in 2020. They named it the electronic yuan (ecny).
China wants to bust the cryptocurrency party but the from cryptonewsbtc.org
China announced a ban on all crypto currency transactions and crypto mining. However, china's cryptocurrency ban comes amid fears that cryptocurrencies were facilitating capital flight from its markets, bypassing conventional restrictions. China's move to regulate crypto is the only way to avoid an almost inevitable disaster for the environment, investors and the financial market in general if cryptocurrency markets are allowed to remain a digital “wild west”.
China wants to bust the cryptocurrency party but the However, china's cryptocurrency ban comes amid fears that cryptocurrencies were facilitating capital flight from its markets, bypassing conventional restrictions.
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