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Features

Will China’s ‘digital yuan’ reinvent money as we know it?

The rise of the digital yuan

2 October 2021

9:00 AM

2 October 2021

9:00 AM

What’s behind China’s latest crackdown on crypto? For some time, Beijing has banned bitcoin and other cryptocurrency exchanges from operating within its borders. Last week, the Chinese Communist party extended the ban to criminalise anyone dealing in crypto. ‘Virtual currency-related business activities are illegal,’ declared the People’s Bank of China.

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