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Peer-to-peer trading via social media prevent crypto from reaching masses. One might argue that Chinese does not have the same a special importance.
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Why Does China Keep Banning Bitcoin?Central bank digital currencies (CBDC) are digital tokens issued by central banks. In a way, they are the digital version of cash; their value is guaranteed. RIYADH: China's economy took a massive hit in August after registering a capital outflow of $49 billion, straining the yuan and its growth prospects. That risk derives from crypto's ability to disguise capital outflows � something Chinese regulators want to curb, not encourage � and its.
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