China’s Plan for Digital Yuan Imperils Bitcoin’s Biggest Markets

(Bloomberg) — Trouble may be brewing in China for Bitcoin’s raucous and divisive rally as the nation pushes ahead with a world-leading effort to create a digital version of its currency.

That’s because the eventual rollout of the virtual yuan could roil cryptocurrency markets if Chinese officials tighten regulations at the same time, according to Phillip Gillespie, chief executive of crypto market maker and liquidity provider B2C2 Japan, which mainly works with institutional…


Source link

About search

Check Also

Dodgers P Walker Buehler making 2024 debut vs. Marlins after almost 2 years recovering from elbow surgery – Yahoo Sports

Dodgers P Walker Buehler making 2024 debut vs. Marlins after almost 2 years recovering from elbow surgery – Yahoo Sports

[unable to retrieve full-text content]Dodgers P Walker Buehler making 2024 debut vs. Marlins after almost …

Leave a Reply

Your email address will not be published. Required fields are marked *