June 5, 2025

digital yuan

Crypto

China’s Cryptocurrency and Blockchain Journey – The Diplomat

In 2017, the Chinese government was the largest cryptocurrency market in the world. It is estimated that as many as 80 percent of all Bitcoin transactions were taking place in Chinese currency, the yuan (also known as the renminbi), at that time. Cryptocurrency exchanges in China were busy and proliferating. The availability of cheap electricity,

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