China’s Crypto Market: Digital Yuan as an Alternative to Private Cryptocurrencies

... firm and unshakeable in the global finance system, it is an urgent task for China to take the leading positions in Asia’s finance systems. A successful launch of the digital yuan could subsequently expand its use, for instance, to service transactions ... ... superpower. It is, therefore, logical to assume that these considerations are the main reasons for the current ban on mining cryptocurrency in China. As for the global crypto assets industry, China’s actions will hardly do it much damage in the medium-term....