What are the official name and symbol of the cryptocurrency used in China?

3 answers

• ilamuruganAug 29, 2024 · a year ago
  The official name of the cryptocurrency used in China is called the Digital Currency Electronic Payment (DCEP), and its symbol is ￥. It is a digital currency issued by the People's Bank of China (PBOC) and is backed by the Chinese government. DCEP aims to replace physical cash and provide a more efficient and secure payment system for the Chinese population. It is currently being tested in various cities across China and is expected to be fully implemented in the near future. 😊
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• Surya Prakash SinghJul 18, 2021 · 5 years ago
  In China, the official name of the cryptocurrency is Digital Currency Electronic Payment (DCEP), and its symbol is ￥. It is a government-backed digital currency that is being developed and tested by the People's Bank of China (PBOC). The purpose of DCEP is to provide a secure and efficient payment system for the Chinese population. It is expected to be widely adopted in the future and could potentially revolutionize the way people in China make transactions. 💸
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• Pratik DebJun 11, 2021 · 5 years ago
  The official name of the cryptocurrency used in China is Digital Currency Electronic Payment (DCEP), and its symbol is ￥. DCEP is a digital currency issued by the People's Bank of China (PBOC) and is backed by the Chinese government. It is designed to be used as a legal tender in China and aims to replace physical cash. DCEP is currently being tested in various pilot cities and is expected to be rolled out nationwide in the near future. 💰
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