Thursday, 22 April 2021 04:25 GMT

Bitcoin price increases

( MENAFN )The new increase of bitcoin could be between the reasons for rehabilitated interest in the Chinese digital yuan scheme. The world’s top crypto, bitcoin, is efficiently barred in the country, according to the People’s Bank of China (PBOC).

Wang Xin, PBOC’s research bureau director, told journalists that marketplace interest in the digital yuan is “very strong and everyone is paying close attention.”

He also stated, as cited by CNBC, that “on one hand, this is related to more and more central banks in the world participating in the development of domestic digital currencies. On the other hand, this [interest] may also be related to the large increase in the price of bitcoin.”

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