China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?
A research report from Binance experts said that Chinas state digital currency is likely to be a two-tier blockchain system that replaces both banknotes and coins. Additionally, the new digital asset of the country's central bank will be similar to what the organizers of the Libra facebook project offer for users now. Besides, China cryptocurrency can be launched in November already.