The growth of the stock price of Bitcoina played in hand to China and his project of digital yuan, which actively implements and promotes the Central Bank of the country – China’s People’s Bank (NBK), writes CNBC. Such a point of view shares monetary regulators of several countries at once.
Work on the introduction of digital yuan began in 2014. The NBK emphasizes that it is a digital version of the fiatate (traditional) currency, and not about the new cryptocurrency. The main characteristic of the digital yuan will be his emissions by the Central Bank. The turnover of the new currency will not be based on the technology of the blockchain.
It is assumed that the digital yuan will partially replace cash, becoming an additional – third – payment facility. According to the leadership of the NBK, interest in the digital yuan project is now very high. This is partly due to the fact that the monetary authorities of different countries are engaged in such developments, in particular Russia, Sweden, France, as well as the European Union, partly the rise in price of Bitcoin, observed in recent months.
Since the beginning of the year, the quotes of the main world cryptocurrency rose more than twice – up to 59.1 thousand dollars.
At the same time, China’s authorities have introduced severe limitations against Bitcoin and other cryptocurrency. ICO (cryptocurrency analogue of IPO) is prohibited in the country, and the stock trading in cryptocurrencies is under tight control.