• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms
  • Community Reviews

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Bitcoin Surge Partly Driving Interest in China’s Digital Yuan

April 2, 2021 by Forex Winner Leave a Comment

Bitcoin Surge Partly Driving Interest in China's Digital Yuan

The surging price of Bitcoin could have partly driven interest in China’s digital yuan project, according to CNBC.

  • The People’s Bank of China (PBOC) sees the digital yuan as a way to advance cashless payments —  a digital version of the fiat currency which the central bank has been working on since 2014.
  • PBOC Research Bureau Director Wang Xin said market interest in the digital yuan is very strong, and everyone is paying close attention.
  • “On one hand, this is related to more and more central banks in the world participating in the development of domestic digital currencies,” Wang mentioned in his Mandarin comments.
  • China is arguably the furthest ahead among a number of central banks exploring the possibility of issuing their own digital currencies. Among them are Japan, the United Kingdom, Sweden, and Switzerland.
  • The PBOC has yet to provide a timeline for the nationwide rollout of the digital yuan, but a number of pilot projects have been carried out in cities around China. These are often in the form of lotteries where people can apply to get a slice of digital yuan and spend it at participating outlets.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Man charged in New York with 3-week kidnapping to try to steal Bitcoin

May 30, 2025

Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

May 29, 2025

Second suspect in New York bitcoin kidnapping surrenders to police

May 28, 2025

Footer

Forex Broker Reviews

FXChoice

FXChoice Review

April 23, 2019 By Forex Winner

Tickmill Forex Broker Logo

Tickmill Review

April 23, 2019 By Forex Winner

roboforex

RoboForex Review

February 6, 2020 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Shandor Brenner

FundedNext Review

August 16, 2023 By Shandor Brenner

Topstep Forex Review

August 14, 2023 By Shandor Brenner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2025 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure