Press "Enter" to skip to content

China thinks about own CryptoYuan vs normal currency.


Observers have the impression that China is buying up a lot of bitcoins and gold right now. The crisis in the stock market began in July, and a massive devaluation of the national currency occurred in August and September.

The commission on foreign exchange control ordered to check financial institutions and prevent capital outflow. Currency wars in the region led to massive losses of capital on “black Monday”, from which a very difficult financial week began for China.

This caused interest in alternative currencies and the purchase volume of bitcoins in China increased. The Chinese exchanges led to an appreciation on the US stock exchanges. The purchase of Bitcoin, gold and precious metals is not really something new for China. The volume of gold reserves of the country since 2009 has grown by 60%. Banks regulate this area to help stop the devaluation of the yuan. The main task of financiers is to reduce volatility, curb capital outflow and limit pressure on the yuan.

The volume of trading in the CNY / BTC pair last week grew exponentially and the trading volume reached 1 million BTC per day. The volume and price of the largest Chinese stock exchange Huobi, higher than most of the average American and British crypto-exchange exchanges, combined. Trade in bitcoins for Yuan takes more and more of the market.

Most likely, because of cheaper electricity, zero trade duties and a serious devaluation of the country’s currency in the past few years. Analysts at Goldman Sachs, led by Peter Oppenheimer, say that the third wave of the economic crisis occurs on a global scale. The analyst believes that this economic shift is characterized by stagnation of China’s growth and commodity minima around the world.

For the first week of July, the Chinese stock market within three weeks of falling is losing 2.36 trillion US dollars of market value. The indices of the Shanghai Composite and Shenzhen Composite sank about 30%, which led to a “month of fear” in the global economy.

Fear of impending inflation pushes to the transition to other international sites. However, the People’s Bank of China is making it increasingly difficult to acquire traditional shares, bonds and other assets. Because of this, the volume of transactions with Bitcoin in China is growing.

The three largest exchanges trading bitcoins for Chinese yuan have a volume close to 1 million bitcoins per day. Goldman Sachs reported that 80% of Bitcoin transactions fall on the yuan trade.

In general, the volumes on the Chinese exchanges show growth in the digital currency area. Numbers on different sites are different, but undoubtedly the figure is increasing. The devaluation of the Chinese currency is very real, and the stock market of the region regularly shakes.

Movement to alternative markets has already been proven in countries such as Greece. Bitcoin has become a safe haven, the same as gold and silver, which are bought with pleasure by Chinese buyers. Continued devaluation of the renminbi will allow Bitcoin to come to large investors


  1. URL URL January 17, 2018

    … [Trackback]

    […] Find More Informations here: […]

  2. vJYsQ35hBcGZ vJYsQ35hBcGZ January 17, 2018

    165554 401901Basically received my 1st cavity. Rather devastating. I would like a super smile. Seeking a good deal far more choices. A lot of thanks for the post 740694

  3. britney spears age britney spears age January 17, 2018

    247059 306572Paper rolls extremely great read you know alot about this subject i see! 557364

    • admin admin Post author | January 21, 2018


  4. Check out the videos here Check out the videos here January 18, 2018

    91363 403277You must be a part of a contest initial of the most effective blogs online. Let me suggest this weblog! 761379

    • admin admin Post author | January 21, 2018

      Thank you!

  5. 371408 677616Thank you, Ive just been searching for details about this topic for a while and yours may be the greatest Ive discovered till now. But, what in regards to the conclusion? Are you sure concerning the supply? 60168

    • admin admin Post author | January 21, 2018

      Chinese Government have been working on own CryptoYuan based on block chain technology. We believe, based on a latest news, the currency will take place this year. China wants be first on that market and get all “first” players benefits.

  6. persyaratan cpns k3 persyaratan cpns k3 January 27, 2018

    642396 848616I surely did not realize that. Learnt something new nowadays! Thanks for that. 792687

  7. forex robots forex robots January 28, 2018

    590996 14135Read more on that Post.Useful info. 592212

  8. make money with a iphone make money with a iphone January 29, 2018

    169402 340759A person essentially lend a hand to make significantly articles I may possibly state. That will be the extremely very first time I frequented your web site page and up to now? I amazed with the research you created to create this particular publish incredible. Fantastic activity! 468683

  9. Fresno Appearance Attorney Fresno Appearance Attorney January 30, 2018

    4410 341373That is the first time I frequented your website page and so far? I amazed with the analysis you made to create this actual post incredible. 388999

  10. Girls Girls January 30, 2018

    256463 470175I dont think Ive seen all of the angles of this subject the way youve pointed them out. Youre a true star, a rock star man. Youve got so significantly to say and know so significantly about the subject that I think you ought to just teach a class about it 551822

  11. Appliance repair North York Appliance repair North York January 30, 2018

    216854 409731Aw, it was an incredibly good post. In thought I would like to set up writing related to this moreover – taking time and actual effort to create a extremely good article but exactly what do I say I procrastinate alot and also no indicates manage to go done. 349375

  12. Yusuf kısa Yusuf kısa January 31, 2018

    850579 219820Some genuinely marvellous function on behalf with the owner of this web internet site, utterly outstanding content material. 646041

Leave a Reply

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

Translate »