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Bitcoin Ethereum News China’s relationship with the cryptocurrency industry has always been quite complicated. After a few years of keeping an eye on crypto, the country tried to ban it. China declared that financial institutions were not allowed to provide services to crypto businesses, purposefully trying to suffocate the crypto sector within the country. However, it liked the idea of crypto, just not the decentralised part of it. As a result, it started creating its own native cryptocurrency, the so-called digital yuan, which will be controlled by the central bank — the People’s Bank of China (PBoC). The digital yuan...
