What is the difference between CNY and RMB in the context of cryptocurrency?

6 answers

• Dec 15, 2021 · 3 years ago
  CNY and RMB are both acronyms for the Chinese currency, but they have slightly different meanings. CNY stands for Chinese Yuan, which is the official currency of China. RMB, on the other hand, stands for Renminbi, which is the broader term for the Chinese currency. While CNY refers specifically to the physical currency, RMB encompasses both the physical currency and the digital representation of it. In the context of cryptocurrency, CNY and RMB are often used interchangeably to refer to the Chinese currency in digital form.
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• Dec 15, 2021 · 3 years ago
  CNY and RMB are like two sides of the same coin when it comes to cryptocurrency. They both represent the Chinese currency, but CNY is the more commonly used term. RMB is the official term used by the Chinese government, while CNY is the international standard code for the currency. In the world of digital currencies, CNY and RMB are often used synonymously to refer to the Chinese currency in the context of cryptocurrency trading.
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• Dec 15, 2021 · 3 years ago
  In the context of cryptocurrency, CNY and RMB are often used interchangeably to refer to the Chinese currency. However, it's important to note that the use of these terms may vary depending on the platform or exchange you're using. For example, at BYDFi, we use the term CNY to refer to the Chinese currency in the context of cryptocurrency trading. Other exchanges may use RMB or have their own unique terminology. It's always a good idea to familiarize yourself with the specific terminology used by the platform or exchange you're using.
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• Dec 15, 2021 · 3 years ago
  CNY and RMB are two different acronyms for the Chinese currency, but they essentially refer to the same thing in the context of cryptocurrency. Whether you see CNY or RMB, it means the Chinese currency in digital form. The choice of using CNY or RMB may depend on the preference of the platform or exchange you're using. Some platforms may use CNY to align with international standards, while others may use RMB to adhere to the official terminology used by the Chinese government. Regardless of the acronym used, the underlying currency is the same.
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• Dec 15, 2021 · 3 years ago
  When it comes to cryptocurrency, CNY and RMB are often used interchangeably to refer to the Chinese currency. However, it's worth noting that CNY is the more commonly used term in the digital currency world. RMB is the official term used by the Chinese government, but CNY has gained more popularity in the international cryptocurrency community. So, whether you see CNY or RMB in the context of cryptocurrency, they both refer to the Chinese currency in digital form.
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• Dec 15, 2021 · 3 years ago
  CNY and RMB are two different acronyms for the Chinese currency, but they are used interchangeably in the context of cryptocurrency. Whether you see CNY or RMB, they both represent the Chinese currency in the digital world. The choice of using CNY or RMB may depend on the platform or exchange you're using, but the underlying currency is the same. So, don't get confused by the different acronyms, they both refer to the Chinese currency in the context of cryptocurrency trading.
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