Which countries use yuan in their digital currency transactions?

3 answers

• Dec 14, 2021 · 3 years ago
  The use of yuan in digital currency transactions is primarily seen in China, where it is the official currency. With the growing popularity of digital currencies, the Chinese government has been actively promoting the use of yuan in these transactions. Additionally, neighboring countries such as Singapore and Malaysia have also shown interest in using yuan due to their close economic ties with China. The stability and potential growth of the Chinese economy have further encouraged the adoption of yuan in digital currency transactions.
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• Dec 14, 2021 · 3 years ago
  Yuan is also being used in digital currency transactions beyond Asia. Countries like Russia and Brazil have started exploring the use of yuan in their digital currency systems as a way to diversify their currency reserves and reduce reliance on the US dollar. The increasing global influence of China and its efforts to internationalize the yuan have made it an attractive option for these countries.
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• Dec 14, 2021 · 3 years ago
  At BYDFi, we have observed a growing interest in yuan-based digital currency transactions. Many users are attracted to the stability and potential for growth offered by the Chinese market. The ease of trading yuan-based digital currencies on our platform has made it a convenient choice for users looking to diversify their portfolios. With the increasing adoption of yuan in digital currency transactions, we expect to see further growth in this area.
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