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One cryptocurrency expert, max keiser, revealed on his podcast that china intends to use cryptocurrency to devalue the us dollar. They named it the electronic yuan (ecny). One of the reasons behind this potential ban is that china does not find the mining industry to be lucrative. The country has several levers through which it controls pricing for cryptocurrencies even as it might seem that it is cracking down on. Especially not for the country's economy.
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Prior to the set of sweeping bans that the government place on the industry in late 2017, the country stood as the nation with the highest btc trading volume in the world;
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India has finally decided to go along with the cryptocurrency and first on the list would be the bitcoin. One cryptocurrency expert, max keiser, revealed on his podcast that china intends to use cryptocurrency to devalue the us dollar. Compared with decentralized cryptocurrencies such as bitcoin, china's cryptocurrency is an altogether different type of digital asset: Chandler guo was a pioneer in cryptocurrency, the digital currencies that can be created and used independently of national central banks and governments. China s digital yuan what is it and how does it work / the act also states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not a legal tender.
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