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Yuan News

The yuan is the primary unit of the renminbi – the official name of the Chinese currency. Chinese currency itself is also often referred to as yuan. The term “Chinese yuan” is mostly used to refer to renminbi by international finance institutions. Yuan is issued by the People’s Bank of China, which has total control over the currency. Yuan is currently one of the most traded currencies due to internationalization of Chinese businesses and the expansion of Chinese exports. Chinese yuan circulates in Thailand, Pakistan, Mongolia and some other Asian countries. As the Chinese economy grows, the yuan gathers more and more influence on international markets. The price of the yuan had a crucial impact on the cryptocurrency industry as most exchanges were Bitcoin to yuan interactions, operated through China-based crypto exchanges. However, due to the large number of regulations, the Chinese yuan lost most of this impact on Bitcoin after 2017.
Several factors contribute to stability of Bitcoin’s price.
Bitcoin Price On Path Of No Return, With Yuan, Hodling, Institualization Being Factors
Olusegun Ogundeji
2016-10-30T14:04:00+00:00
1956
A depreciating Chinese RMB fuels a rise in Bitcoin price particularly as it now has improved its grip globally.
China Yuan’s Depreciation Fuels Bitcoin Price
Olusegun Ogundeji
2016-10-11T15:15:00+01:00
1512
On 1st October 2016, the Chinese Yuan became the world's 5th reserve currency. What does it take to become one and can Bitcoin get there?
Yuan Becomes World's Fifth Reserve Currency, Can Bitcoin Be Sixth?
Jacob J
2016-10-02T15:50:00+01:00
1469
In a first since mid-2014, the price of Bitcoin shot past $500 early Saturday morning, reaching the newest high in a year-and-a-half steady victory march.
Bitcoin Price Passes $500, Highest Price in Almost Two Years
Joël Valenzuela
2016-05-28T17:00:00+01:00
1911
The year 2015 has ended and investors can now calculate the result of their investment activities. What has Bitcoin brought to us last year?
Bitcoin Price Fluctuation In 2015 And A Forecast For 2016
Albert Libenzon
2016-01-04T14:06:00+00:00
2335
Cointelegraph spoke with Leon Li, CEO of Huobi to discuss its new tool connecting bitcoin and the traditional stock market, why the Chinese yuan doesn’t actuall...
Huobi Bridges Bitcoin with China’s ‘Booming’ Shanghai Stock Exchange
Allen Scott
2015-05-01T10:00:41+01:00
836
The world’s largest Bitcoin exchange is once again accepting the currency of its home country.
BTC China begins to accept yuan again
Eric Barrier
2014-02-01T14:10:00+00:00
251

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