Skip to main content

China to Launch Official Digital Currency

Mu Changchun, deputy director of the payments unit at the People’s Bank of China (PBoC) has said the institution is ready to launch its cryptocurrency after five years of development. The message has been delivered at an event held by China Finance 40 Forum over the weekend in Yichun, Heilongjiang.

Forbes: Bitcoin Preparing to Surge as Yuan Struggling

To mitigate the influence of the American sanctions on the export of Chinese goods in the USA, the authorities of the People’s Republic of China let Yuan fall by 7% due to the strengthening of the USA’s pressure on China via additional customs duties.

No Ban on Majority of Cryptocurrencies in India

The Indian authorities are not going to ban cryptocurrencies; the restriction has fallen on stablecoins only. The new legislation can lead to the disappearance of the range of cryptocurrencies, but the bulk of the coins will be circulating freely.
Subscribe to cryptocurrencies