China declines to devalue yuan and tied it to bitcoin_ – abc. az

Baku, Fineko/abc.az. Bitcoin bidding The People’s Bank of China (PBOC), it seems, refused to devalue the Chinese Yuan and pegged the national currency to Bitcoin.

So, PBOC raised the exchange rate of yuan to the US dollar by 0.9% up to level of CNY 6.8668 to the US dollar that is by 639 points lower than the previous day CNY 6.9307. Https bitcoin It became the most powerful strengthening of the Chinese currency for the past 11 years since China’s refusal from pegging the national currency to the dollar.

Experts believe that Beijing decided not to allow the strong weakening and approach of the yuan to 7 to the dollar before the inauguration of newly-elected US President Donald Trump, which is scheduled for 20 January. Bitcoin chart all time Shanghai analysts think that the happened strengthening of the Chinese Yuan will not change the overall downward trend of currency depreciation.

Meanwhile, it is significant that the yuan strengthened after the depreciation of crypto currency Bitcoin. Bitcoin value in dollars At the beginning of 2017 the exchange rate of Bitcoin exceeded $1,000 for the first time in 4 years, but on Thursday and Friday, Bitcoin showed the maximum fall in two years: on 6 January it fell in price by 9.5% to $910.74.

There are already indirect confirmation of the presence of the interrelation between the Yuan and Bitcoin.


Bitcoin price blockchain So, the State Administration of Foreign Exchange (SAFE) of China is studying various aspects of trading crypto currencies, including Bitcoin, fearing that they can be used for withdrawal of capital from China in circumvention of the exchange controls. Bitcoin charts The SAFE experts interest in the peculiarities of the Chinese platform on which Bitcoin is traded. Bitcoin rate graph Representatives of SAFE and the Central Bank of China held a series of meetings with the management of such platforms in Beijing and Shanghai.

Baku, Fineko/abc.az. Define bitcoin The People’s Bank of China (PBOC), it seems, refused to devalue the Chinese Yuan and pegged the national currency to Bitcoin.

So, PBOC raised the exchange rate of yuan to the US dollar by 0.9% up to level of CNY 6.8668 to the US dollar that is by 639 points lower than the previous day CNY 6.9307. Bitcoin exchange singapore It became the most powerful strengthening of the Chinese currency for the past 11 years since China’s refusal from pegging the national currency to the dollar.

Experts believe that Beijing decided not to allow the strong weakening and approach of the yuan to 7 to the dollar before the inauguration of newly-elected US President Donald Trump, which is scheduled for 20 January. What is bitcoin video Shanghai analysts think that the happened strengthening of the Chinese Yuan will not change the overall downward trend of currency depreciation.

Meanwhile, it is significant that the yuan strengthened after the depreciation of crypto currency Bitcoin. Bitcoin exchange sites At the beginning of 2017 the exchange rate of Bitcoin exceeded $1,000 for the first time in 4 years, but on Thursday and Friday, Bitcoin showed the maximum fall in two years: on 6 January it fell in price by 9.5% to $910.74.

There are already indirect confirmation of the presence of the interrelation between the Yuan and Bitcoin. Value of bitcoin graph So, the State Administration of Foreign Exchange (SAFE) of China is studying various aspects of trading crypto currencies, including Bitcoin, fearing that they can be used for withdrawal of capital from China in circumvention of the exchange controls. Bitcoin exchange south africa The SAFE experts interest in the peculiarities of the Chinese platform on which Bitcoin is traded. Bitcoin daily chart Representatives of SAFE and the Central Bank of China held a series of meetings with the management of such platforms in Beijing and Shanghai.