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⚡ China Rolls Out Digital Yuan App On iOS And Android

It's a significant milestone in China's CBDC development.

Hey Blockster, Last year, governments took an increased interest in cryptocurrencies. In September, El Salvador became the first nation to make Bitcoin legal tender alongside the USD.   However, while the Latin American country's president remained a major proponent of BTC, other states took another approach to enhance their economies with the implementation of a digital asset.   Unlike El Salvador, the likes of Sweden, China, and the EU have all started developing their own central bank digital currencies that retain most of the benefit of private cryptocurrencies but with state control and issuance replacing decentralized governance.   Interestingly, the CBDC race has heated up lately. While Eastern Caribbean nations, as well as the Bahamas and Nigeria, have launched their state-controlled digital currencies, China has become a leader among major economies.   After large-scale pilots and the development of a working legal framework around its CBDC, the People's Bank of China recently launched the trial version of its digital yuan app on both iOS and Android.   Check out this article to learn the details of the story! Want to read more articles from the cryptocurrency space? Look no further; we have collected the most exciting pieces for you below: Time Man Of The Year — Elon Musk And Crypto – For almost a century, TIME Magazine names an individual or group that had the most influence on world events in the previous 12 months. Now, the media outlet has chosen Tesla chief and crypto proponent Elon Musk as the Person of the year 2021.   Converting To Stablecoins In Dips And Crashes - A Good Idea? – Stablecoins offer an easy way for crypto holders to exchange back and forth between volatile and stable digital assets. But is it a good strategy to convert your holdings to stablecoins during dips and crashes?   Chiliz (CHZ) And Sports – A Booming Relationship – Chiliz was one of the first projects that managed to effectively connect the cryptocurrency and sports industries. Leveraging fan tokens, the crypto sports engagement platform now features partnerships with numerous leagues and clubs, such as the soccer teams F.C. Barcelona, Paris Saint-Germain, and Juventus.   Which Stablecoins Are Safe To Hold With Proven Reserves? – While stablecoins offer crypto users tremendous value, some of the providers have failed to be completely transparent about their physical fiat reserves. For that reason, it's crucial to use coins exclusively that feature increased transparency. Hope you enjoyed the stories we have collected for you today. Be sure to check back tomorrow, as we will return with our newest collection! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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