The cryptocurrency sector has recently been shaken with news from China, where the People’s Bank of China, alongside government institutions, are reportedly hard at work developing and preparing the launch of the digital Yuan, a state-sanctioned digital currency that is bound to facilitate digital payments in the Asian country. However, reports also showcase China’s interest in…
The governments of China and India are known to be hostile to decentralized cryptocurrencies, and have taken steps over the past few years to curb their adoption. Although largely unsuccessful, these steps have frustrated citizens seeking to enter the crypto space. Both governments now appear to be strengthening their resolve to block the use of…