Home / Bitcoin Trading / Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says China’s Central Bank

Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says China’s Central Bank

The much-publicized and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect. The People’s Bank of China (PBoC) – the country’s central bank and financial regulator – has released data that claims bitcoin trading in China’s fiat currency, the renminbi (RMB), has dropped below 1 percent of

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