Cryptocurrency is possibly posing risk to Yuan, this is the recent statement from the Central Bank of China. As the bank’s governor stated that cryptocurrency is undermining the nation’s currency.
Central Bank of China
U.K government intends to follow People’s Bank of China regulations in order to slow down cryptocurrencies and any illegal activities related to them.
Researcher in People’s Bank of China points out it is ‘Vital’ for China to have a cryptocurrency issued by the Central Bank.