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At the same time, China setting up companies abroad through by 10 Chinese official bodies, even issued a Web3 white. In other words, Bitcoin is.
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How to choose the best crypto wallet apps | Just this year, the PBOC counted digital yuan in the official measure of cash in circulation for the first time. One might argue that Chinese regulations make it so difficult to trade crypto that it amounts to an effective ban. To ensure the adoption of new technology, it has to seamlessly integrate into established norms. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. The government rolled out the currency in just four cities: Shenzhen, Suzhou, Xiongan, and Chengdu. There are stories of people setting up companies abroad through intermediaries, and then using that overseas company to complete institutional know-your-customer KYC identification on crypto exchanges. Moreover, six cities in Zhejiang were added because the province is hosting the Asian Games and the PBOC wants to test the digital yuan with foreigners attending the festivities. |
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