Despite having made all cryptocurrency coins, the Chinese government would soon, holding its digital version production of its own crypto.
It is designed mainly to be used for high-frequency, small-scale retail purchases and transactions. Reading between the lines. Exchange businesses should not act as central counterparties to buy and sell virtual currencies, and it is illegal for overseas virtual currency exchanges to provide services to Chinese residents through the Internet. This document, signed by 10 Chinese official bodies, has a wide range of restrictions. By , the emerging industry in China welcomed Bitmain, one of the first cryptocurrency mining equipment manufacturers and mining pool operators.
