According to the latest news, Beijing continues to impose strict regulatory measures on cryptocurrency-related activities despite what is happening in the United States. But what's interesting is that they are still the 2nd largest bitcoin holder after the US and bitcoin mining in China is still very active or those who use social network X will see that Chinese investors are numerous and active. There is no indication that cryptocurrencies are being banned or regulated as heavily as the media has reported . I also really wonder and doubt what is going on there .
China and the United States are competing with each other in every aspect of the international arena , both want to have influence in the world , so I do not believe that China will not join this race and let the United States dominate this game . I think it's just that the time hasn't come yet so they're not in a hurry .
https://finance.yahoo.com/news/china-introduces-forex-rules-tighten-071133871.html?guccounter=1
China and the United States are competing with each other in every aspect of the international arena , both want to have influence in the world , so I do not believe that China will not join this race and let the United States dominate this game . I think it's just that the time hasn't come yet so they're not in a hurry .
https://finance.yahoo.com/news/china-introduces-forex-rules-tighten-071133871.html?guccounter=1
I would think China would want to come up with something of its own.
They wouldn't just copy the US and follow the lead.
I do think their stance on CBDC would be louder than on BTC, imo. And they would push for it heavily. Making their citizens the main users of it, of course.