China despite Ban on Cryptocurrencies, Active on Digital currency and Blockchain grounds

China has been forbidding informal cryptocurrencies as of late in spite of its push for digital currencies and blockchain technology. China is likewise intending to discharge its first RMB-based advanced money later in 2020. Its crackdown on digital forms of money may appear to be unexpected and dumbfounding.

The Political Bureau Of The Communist Party of China’s Central Committee has been investigating blockchain innovation and cryptographic forms of money since October 2019, and this brought about certain lifts to bitcoin costs during the time.

Source: TheCoinRepublic