Chinese authorities have been showing a greater willingness to embrace cryptocurrency in recent months.
Why it matters: This is the latest indication that China’s skepticism of cryptocurrencies is retreating. The country’s financial authorities have been showing a greater willingness to embrace digital tokens in recent months.
China previously took a tough stance on cryptocurrencies in late 2017, banning trading and initial coin offerings (ICO) among other activities.
The BoC dabbled in blockchain last year and expressed an interest in applying the technology in areas including trade finance.
Details: The infographic explains how bitcoin works in three sections, describing how it works, its benefits and pitfalls, and featuring prominent figures in the cryptocurrency industry.
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