Cryptocurrency of China!

[Naseer Ahmad78 721]

Yuan is the crypto currency of the china,yuan deposits are done by their central bank and has been in progress for 3 years,it will be good for chines because they have more population,many of the people can join this currency and can earn more profit from this,it is getting more popular all over the world and many of companies are creating its own crypto currency.

[Muhammad zaid 272]

Yes dear i also hear the news that china makes it own currency and i think they enter in last stages because this is the news few months ago i think china has a big planning behind this

[Altaf hussain 269]

I have liston and read in news from several times that china is lunch own crypto currency. I study china crypto currency I realize that it is not a crypto currency it is a digital form of crypto called digital cryptocurrency. 

[Samotokika 1780]

On 1/5/2020 at 9:02 AM, sohaib said:

Hello Friends, 

 I have read and watched in the news several times in the last few days that. Media and People are saying that; China is about to launch its own cryptocurrency but, as i study china's cryptocurrency in depth so i realized that this is not a cryptocurrency. it is just a digital form of fiat currency which is called Digital Currency. Please, I would love to know your prospects on this. What do you say? is it a cryptocurrency or just a digital form of fiat currency? 

It is good if China introduce their own cryptocurrency because now the world is becoming more global and every country should try to be a part of cryptocurrencies but I think that this currency would be for their own use and not is on international level.

[Bruno52 1141]

I think it is just a form digital fiat currency because China is known for not being friendly to crypto currency and its users and it is a communist country that has blocked so many online services.

[Syriana 350]

Yes, my friend, I think that China will make a new move, which is the issuance of a cryptocurrency. Conflict on the existing cryptocurrencies. Therefore, we must prepare for a confrontation between cryptocurrencies. I hope that the new currency will be of benefit to everyone

[Robert William 590]

Yes China has invented their own crypto currency and can use it to the right of their country for the sake of their own sake, but it may not be prevalent all over the world. Their valuable currency has made their own for their country so that our valuable vote can be a success and they do profitable business.

[progma 326]

a coin which is on the issuance which is on the incorporation of the economy is what I think the coin which china was first in prospects on creation, but with how the zone of china and how the use of cryptcurrency has quite grown its clear on the road map which they are about to incorporate as well as local businesses and giants firms on using blockchain tech

[teebasas 3018]

Yes, China is one of the most important countries that support digital currencies and I have heard some news that China will launch its new currency soon and this is good. It will increase the use of digital currencies compared to paper currencies.

[Fixfin 2569]

If it has cryptographic encryption included as it should then we can name it a cryptocurrency as xrp and Tether are also cryptocurrencies but they are centralized in different ways each, something that Bitcoin doesn't have.

The digital currency China has created is just fiat, which means it should be backed by trust in the Chinese government and given as the only option to trade inside China.

[Quickbee 26]

I have also heard about China introducing their own Cryptocurrency. But I don't think it is going to replace their own currency. Their main intention seems to be finding a replacement for the US dollar which is dominating the international fiat currency market. 

[basel23 1722]

Certainly, it is not a cryptocurrency, it is only a digital form of coins because cryptocurrencies are characterized by decentralization and this currency is central because it was created by a government and this government can control the price of the currency as it wishes.

[zeshan1122 654]

we have been hearing this news from many months but we have not seen any of the official news from any place which states that it is true, so now I am afraid it is not.

[online123 992]

On 1/5/2020 at 10:02 AM, sohaib said:

Hello Friends, 

 I have read and watched in the news several times in the last few days that. Media and People are saying that; China is about to launch its own cryptocurrency but, as i study china's cryptocurrency in depth so i realized that this is not a cryptocurrency. it is just a digital form of fiat currency which is called Digital Currency. Please, I would love to know your prospects on this. What do you say? is it a cryptocurrency or just a digital form of fiat currency? 

I also heard that China will launch digital currency. The digital currency they will launch is not cryptocurrency. This currency will be different from the blockchain so this currency is not related to cryptocurrency.

[RoyalHouse01 9]

I am hearing about the currency of the china but there is no launch yet maybe they are waiting for some of the good time or they are waiting for the events they want to occur.

[Dmitrij14 39]

I believe that if any state launched its own cryptocurrency, then the state would have control over any transaction and it would be a bad idea, because anonymity is the main advantage of cryptocurrency.  Good luck!

[Khetam 328]

On 1/5/2020 at 12:18 PM, Suhannewaz said:

The Chinese People's Bank is announcing the launching in the process of its own' cryptocurrency,' replacing the physical Chinese yuan in circulation, the central bank which manages China's monetary policy.

It is good for a country like China to launch a special cryptocurrency for its own country because dealing with cryptocurrencies is much easier than others, it is a good plan from China for its overall economic growth. 

[M Shahmeer 331]

Yes China is so much economical strong country 

They are launching their own Cryptocurency

They will launch so soon 

As you have as asked that they are launching feat currency 

I must say that we hope for best 

And we hope that this currency shall be helpfull and usefull for our community

[Muhammad Ahmad meo 689]

Hi friends hopefully you will be fine. There are many countries where this cryptocurrency is not allowed like Pakistan and china. They introducing their own cryptocurrency which leads their country in digital markets. China is introducing their own digital currency, there is maximum chance of cryptocurrency. China is well developed country and a big digital market for this purpose.

[David84 1191]

I think that China is a very clever country when it comes to finance and industry, despite the high population it has one of the strongest economies in the world , and it must be for a reason , which is its correct financial decision. Issuing a cryptocurrency of its own is very wise and clever move that will enhance its financial stability.

[Ameralsamt 2558]

Dear I know that China is a civilized country and loves technology, innovation and modernization, it does not restrict the work of encryption and cryptocurrencies, does not enact its laws on it, but does the eye of reason and only organizes and supports it sometimes. 

[Malikhamdullah 145]

I came to realize China is considering dispatching Cryptocurrencies an option for its current cash yuan that is right now available for use. As a team with facebook they will Enter Cryptomarkets around the world this year.

[betania1 283]

Despite being a token or digital asset, it can be thought that China is thinking of backing its currency with digital assets, so we can think that it may one day happen that China adopts a cryptocurrency, although it is somewhat difficult since they must be decentralized and this it is not suitable for your country.

[Ahmdoof 59]

I think they are trying to reproduce the idea of Bitcoin as a decentralized cryptocurrency. They will invent a cryptocurrency, but it is central, meaning that it is specific to a specific country, and its value is similar to the paper currency and its dependence on the state and the central bank remains in it, so I do not think it is a cryptocurrency in the full sense of the word

[Choudhary umer 0]

yes my friend I want to tell you that I also hear about that the president of the China's said that they are introducing our coin like Bitcoin in the market for the trading with this coin the market of the Bitcoin is affected