China launched its pilot digital yuan on Tuesday, Jan. 4, 2022. The digital currency works through a mobile app, e-CNY, which is available on Android and Apple app stores . The app is still in a development phase and is restricted to select users such as domestic banks as China plans a nationwide rollout.
Read moreWhen can you buy digital yuan?
As of March 26, 2022 , anyone can trade China’s new Digital Yuan cryptocurrency coin. As of now, YuanPay Group is the only approved and legalized company in China to trade and sell cryptocurrencies, and particularly this coin, given it’s country-backed nature.
Read moreCan I buy Chinese digital currency?
Can I buy e-CNY? At the moment, non-Chinese citizens are not able to buy e-CNY . However, there are channels through which foreigners can buy and trade in physical RMB – such as buying RMB in cash or buying RMB currency futures.19 Oca 2022
Read moreWhere can I buy e yuan cryptocurrency?
How to buy Yuan Chain Coin
Read moreHow can I invest in Chinese coins?
Investors can take positions in the yuan by opening a savings or deposit account with U.S. dollars , but the account is denominated in yuan. Investors can also buy exchange traded funds (ETFs) designed to mirror the performance of the Chinese currency.
Read moreCan you buy digital yuan?
Buying the Digital Yuan The digital yuan is not available to non-Chinese citizens and investors are not able to directly buy or trade its digital currency . Since the digital yuan is simply a digitized version of the physical yuan, there are indirect ways for investors to invest in the China digital currency.
Read moreWhere can I buy China’s cryptocurrency?
How to buy Yuan Chain Coin
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