Cryptocurrency Q&A
What is China's government backed cryptocurrency?
What is China's government backed cryptocurrency?
Leonardo
Fri Feb 14 2025
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7
answers
1495
I heard that China has its own government-backed cryptocurrency. I'm curious to know more about it. What is this cryptocurrency called and how does it work? Is it similar to other cryptocurrencies like Bitcoin or Ethereum?
7 answers
Lorenzo
Sun Feb 16 2025
There are various rumors surrounding the name of China's CBDC.
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BlockchainBaron
Sun Feb 16 2025
China's official cryptocurrency is a unique concept in the digital financial landscape.
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HanjiArtistry
Sun Feb 16 2025
One of the most prevalent names suggested for this digital currency is the digital yuan.
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GyeongjuGloryDays
Sun Feb 16 2025
Unlike decentralized cryptocurrencies, it is backed by the government and is categorized as a central bank digital currency (CBDC).
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Martino
Sun Feb 16 2025
Another possible moniker for China's CBDC is e-yuan, which highlights its electronic nature.
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