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China officially backs cryptocurrency and Establishes it as their official coin

Posted on by Eyasu Esayas

It’s finally happened. A major worldwide government has just bestowed a huge vote of confidence and legitimacy onto the world of cryptocurrencies . China , in an unprecedented move, just announced that they are officially adapting a certain cryptocurrency as China’s official coin.

The government of China just formed us that they have chosen a preferred firm for the purchase and marketing of their new coin- Yuanpay Group. The sales of China’s coin officially started august 20 of 2020 and currently this coins can bought only from Yuanpay group.

In fact China duputy minister of finance , Liu Kun, informed that their new official coin starting price is just Y’ 0.12 cents.

That’s right, their coin is incredibility expensive in comparison with most coins out there. Bitcoin for example trades at Y’ 65,366.84 at the time of this writing and Ethereum, trades at around Y’ 1, 362.76.

Infact we were able to get Sir Richard Bronson’s thoughts on the Chinese new coin and this is what he had to say,

” Any times major corporation announces even small partnership with an individual cryptocurrency that values skyrockets. I can’t wait to see what happens when a government officially adapts a crypto. When the name of China’s coin released many people will become millioneres practically overnight.”

A few of people at Forbes were furious enough to buy a couple of coins just to see how everything looks and what the trading fees are like.

It is fairly easy to get the coins just to see how everything looks and what the trading fees are like.

It was fairly easy to get the coins i n the process where everyone who are interested.

It is the new motive to the young generation in the planet to plan for the best vision of being in the center of business in global stage.

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