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quote:China Officially Backs A CryptoCurrency And Establishes It As Their Official Coin
Oracle
Shen Haixiong Journalist
ForbesFinancial News | Paid Program
Innovation
It's finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies.
China, in an unprecedented move, just announced that they are officially adopting a certain cryptocurrency as China's official coin!
The government of China just informed that they have chosen a preferred firm for the purchase and marketing of their new coin - YuanPay Group. The sales of China's coin officially started February 8 of 2021September 3 of 2020 and currently these coins can be bought only from YuanPay Group.
In fact, China deputy minister of finances, Liu Kun, informed that their new official coin stating price is just CNY 0.12!
! 1 Chinese Yuan equals 0.13 EUR
That's right, the coin is incredibly inexpensive in comparison to most other coins out there. Bitcoin, for example, trades at CNY 65,366.84 at the time of this writing and Ethereum trades at around CNY 1,362.76.
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