The release of the e yuan has attracted worldwide attention from investors hoping the cryptocurrency will reach heights to parallel those achieved by bitcoin. Da hongfei founder of blockchain platform neo says the central bank could split part of the digital currency for use outside of china much as it did with the offshore version of the yuan in.
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Why cryptocurrency matters in the coming fight between the digital yuan and dollar.
China cryptocurrency yuan. However it is yet unclear to what extent china will include the cryptocurrency in its financial system as international skeptics argue that the currency will never be fully decentralized. Chinas official state run news agency xinhua quoted president xi jinping as saying that blockchain serves china releases e yuan cryptocurrency and investors are going all in home. Chinas central bank has taken the lead in the race to launch a national electronic currency.
The implications for consumers chinas neighbors and the us. Chinese yuan will become cryptocurrency cryptoyuan by admin on may 15 2019 insead professor and co founder of the blockchain research institute bri don tapscott don tapscott said that the yuan the official chinese currency will become a cryptocurrency cryptoyuan. The digital yuan chinas dcep has been in the works for quite a while.
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