Tag: RMBCoin

PBoC Will Develop RMBCoin Rather Than Legalize Public Cryptocurrencies

There are many consequences of China’s recent cryptocurrency regulatory measures. One positive impact is the fact that China is no longer a factor in regards to Bitcoin’s price, which set a new all-time high this week. At the same time, the country’s central bank plans to go ahead with RMBCoin, which will be China’s own central bank digital currency. This news is anything but surprising, as it seems to have been the plan all along. …
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