Digital Currency Electronic Payment, or DCEP, is a new and innovative digital payment version of China’s fiat currency – the Renminbi (RMB) – that the Chinese government is rolling out throughout the country.
Read moreWhat is China’s official cryptocurrency?
The digital yuan or e-CNY is a digital version of China’s sovereign currency and has been in the works since 2014. It is not a cryptocurrency like bitcoin but is instead issued and controlled by the People’s Bank of China.
Read moreWhere can I buy DCEP?
How to buy DCEP? Currently DCEP is only available to other banks working with the People’s Bank of China . This will eventually open up to the general public in 2020. There are currently no cryptocurrency exchanges that trade DCEP.
Read moreCan I buy digital yuan?
To get started investing in digital Yuan, you’ll need to buy some ECNY on an exchange . You can sell, swap, or keep the digital currency until you have it. Many buyers keep their ECNY in the hopes that it will appreciate in value. There are several platforms available for purchasing or exchanging Digital Yuan (ECNY).
Read moreIs e yuan a good investment?
China’s economic growth in recent years makes the yuan an attractive currency for investors . The Chinese government takes an active role in making sure the exchange rate is favorable for Chinese exports, which can limit upward price movements.
Read moreHow do I invest in DCEP?
How to buy DCEP? Currently DCEP is only available to other banks working with the People’s Bank of China . This will eventually open up to the general public in 2020. There are currently no cryptocurrency exchanges that trade DCEP.
Read moreDoes DCEP use blockchain?
Digital currencies use blockchain as well , but they operate with a centralised authority and require user identification. The DCEP features “controllable anonymity” that is tracked and requires users to download and register to an app on their smartphone.8 Eyl 2021
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