The Era of E-Yuan Emerges As China Bans Banks and Fintechs from Cryptocurrency


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Home Latest Insights | News The Era of E-Yuan Emerges As China Bans Banks and Fintechs from Cryptocurrency The Era of E-Yuan Emerges As China Bans Banks and Fintechs from Cryptocurrency May 18, 2021 | by Ndubuisi Ekekwe | 0 It is typical China-style: fast, bold and big. The manufacturing capital of the world has banned “financial institutions and payment companies from providing services related to cryptocurrency transactions”. That is the only factual statement in that press release from the Communist Party. The other components are not true because China is not a passive party. Yes, for the rise of...