What Are The Legal Virtual Currencies In China?

There are central bank digital currencies. Reliable digital currencies include Yuanbao Coin, Ruitai Coin, Qianjin Card, Biteb, Litecoin, Ripple Coin, Dogecoin, etc. Currently, the only legal virtual currency in our country is the central bank digital currency issued by the People's Bank of China. The central bank’s digital yuan, unlike familiar virtual currencies such as Bitcoin, cannot be bought or sold. Central bank digital currency is a digital form of legal tender controlled by a central bank. It is not a new currency, but an electronic version of the renminbi. The full English name of the digital currency issued by the central bank is (Digital Currency)/(Electronic Payment), referred to as DC/EP. . The central bank digital currency is the digital form of the yuan. It has the same functions as banknotes. Compared with paper currency, digital currency is invisible and intangible currency.

Extended Information:

1. The U.S. dollar (Tangyichichu_SD; currency code: USD; symbol: USA$) is the legal currency of the United States of America. The U.S. dollar banknotes currently in circulation were issued since 1929. The issuing authority of the U.S. dollar is Congress. After World War II, it eventually became an international currency.

2. The pound is mainly issued by the Bank of England, but there are also other issuing institutions. The symbol most commonly used to represent pounds sterling is ￡;￡. The currency code adopted by the International Organization for Standardization for the British pound is GBP(). In addition to the United Kingdom, the currency of the British Overseas Territories is also measured in pounds sterling, and the exchange rate with pounds sterling is fixed at 1:1.

3. Renminbi (abbreviation: RMB; currency code: CNY; currency symbol: ￥) is the legal currency of the People's Republic of China. The currency is issued by the People's Bank of China and was first issued on December 1, 1948. Until the new version was released on October 1, 1999, a total of five sets were issued, including banknotes, coins and plastic banknotes, ordinary commemorative coins and precious metal commemorative coins. A currency system with multiple varieties and series.

4. Euro is the currency of 19 countries in the European Union. The 19 member states of the Eurozone are Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Spain, Portugal, Austria, Finland, Lithuania, Latvia, Estonia, Slovakia, Slovenia, Greece, Malta, Cyprus___Fengsu _

5. Japanese yen (_), also known as Japanese yen, and its banknotes are called Bank of Japan banknotes. It is the official currency of Japan and was established in 1871. dollars and euros. The currency symbol is "￥", and the International Organization for Standardization sets its standard code as JPY. Written in Japanese romaji as Yen. The word "Mias" is the abbreviation of "Yuan" (Simplified Chinese), pronounced "えん" (English), 1_ = 100 coins = 1000 points. The English name is "Yen"; the Japanese yen symbol is similar to the RMB symbol. The International Organization for Standardization sets its standard code as JPY. Japanese yen is represented by ￥. The Japanese yen is expressed by adding E after the number, for example: ￥1400E.

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