China’s Crypto Market: Digital Yuan as an Alternative to Private Cryptocurrencies
... stemmed from the threat of rising inflation triggered by exchange of appreciated bitcoin for yuan rather than from the mining itself. Experimenting with the digital yuan Aleksei Kuznetsov: Financial Bubbles in the Coronavirus Era Back in September 2017, China declared cryptocurrency ICOs illegal since these are not legal tender. It was then when China began preparations to shut down platforms trading in cryptocurrencies and to remove mobile phone apps from the relevant sites. At the same time, however, China might ...