what cryptocurrency does china use

Last Updated on August 16, 2023 by Paganoto

Let's Start With What China's Digital Currency is Not – DigiChina

Let's Start With What China's Digital Currency is Not – DigiChina

What is the e-CNY? China's digital currency goes by many names: the digital yuan, the e-Renminbi (e-RMB), the Digital Currency/Electronic Payment (DC/EP) project, and most commonly today, e-CNY.Mar 8, 2022

China launches digital currency app to expand usage – CNBC

China launches digital currency app to expand usage – CNBC

The digital yuan or e-CNY is a digital version of China’s sovereign currency and has been in the works since 2014. It is not a cryptocurrency …

What does China's Digital Yuan mean for Bitcoin?

What does China's Digital Yuan mean for Bitcoin?

China has a somewhat unclear relationship with the popular cryptocurrency Bitcoin. China still accounts for more than half of Bitcoin mining, …

China's Digital Yuan on WeChat – Investopedia

China's Digital Yuan on WeChat – Investopedia

China’s ban on crypto mining supports the government’s efforts to launch an official digital currency. The digital yuan is also available on …

China's digital yuan shows why we still need cryptocurrencies …

China's digital yuan shows why we still need cryptocurrencies …

The digital yuan has already been piloted in various Chinese cities and was used in more than $8 billion worth of transactions in the second …

China has a digital currency — and people are starting to use it

China has a digital currency — and people are starting to use it

Central banks around the world are looking at developing central bank digital currencies to modernize their financial systems and ward off …

What's behind China's cryptocurrency ban?

What's behind China's cryptocurrency ban?

In late September 2021, the People’s Bank of China (PBOC) banned all cryptocurrency transactions. The PBOC cited the role of …

China's answer to crypto is the digital yuan – Quartz

China's answer to crypto is the digital yuan – Quartz

Unlike truly anonymous cryptocurrencies, China’s central bank says the digital yuan will come with “controllable anonymity,” as users can get …

China Launches Digital Yuan App – All You Need to Know

China Launches Digital Yuan App – All You Need to Know

What is e-CNY? The e-CNY, also known as the digital yuan and officially called the Digital Currency Electronic Payment (DC/EP), is a digitized …

China Creates Its Own Digital Currency, a First for Major …

China Creates Its Own Digital Currency, a First for Major …

A thousand years ago, when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, …