{"id":261556,"date":"2020-05-22T18:28:21","date_gmt":"2020-05-22T22:28:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=261556"},"modified":"2021-07-22T04:13:50","modified_gmt":"2021-07-22T08:13:50","slug":"china-releases-e-yuan-cryptocurrency-though-some-questions-remain","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/china-releases-e-yuan-cryptocurrency-though-some-questions-remain","title":{"rendered":"China Releases e-Yuan Cryptocurrency, Though Some Questions Remain"},"content":{"rendered":"<p>China has released its e-Yuan cryptocurrency. <a href=\"https:\/\/www.accesswire.com\/590921\/China-Releases-e-Yuan-Cryptocurrency-and-Investors-are-Going-All-In\">According to a press release on the matter<\/a>, this has brought the attention of investors worldwide, many of which hope that the asset will rival that of Bitcoin <a href=\"https:\/\/insidebitcoins.com\/news\/former-obama-secretary-of-treasury-appointed-ceo-of-libra-association\">or Facebook&#8217;s upcoming Libra project<\/a>.<\/p>\n<p>Some believe that the asset can help with the country&#8217;s big debt issue. After all, 2.4 trillion of debt is due to illegal loan practices, and blockchain technology may help that.<\/p>\n<p>Speaking on the matter is J. Rothers, a senior blockchain researcher, who says:<\/p>\n<blockquote><p>&#8220;Using smart contracts provided by the\u00a0<a href=\"https:\/\/pr.report\/n5VJ1RYD\">e-Yuan currency<\/a>, the government of China will be able to track assets and liabilities and to ensure that multiple loans are not taken over the same collateral.&#8221;<\/p><\/blockquote>\n<p>However, nobody knows if this asset will be backed physically like many stablecoins are, or if it will be its own digital asset closer to Bitcoin.<\/p>\n<p>Recently, <a href=\"https:\/\/insidebitcoins.com\/news\/chinas-xinjiang-region-now-holds-a-third-of-global-bitcoin-hashpower\">as InsideBitcoins has previously reported on<\/a>, it was revealed that China has over a third of the world&#8217;s Bitcoin hashpower.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">China has released its e-Yuan cryptocurrency. According to a press release on the matter, this has brought the attention of investors worldwide, many of which <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/china-releases-e-yuan-cryptocurrency-though-some-questions-remain\" title=\"China Releases e-Yuan Cryptocurrency, Though Some Questions Remain\">[&#8230;]<\/a><\/div>","protected":false},"author":1722,"featured_media":243931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[7596],"tags":[734,946,5549],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.8 (Yoast SEO v21.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Releases e-Yuan Cryptocurrency, Though Some Questions Remain - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"China announced that it had released its e-Yuan cryptocurrency, which has brought the attention of investors worldwide.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Releases e-Yuan Cryptocurrency, Though Some Questions Remain\" \/>\n<meta property=\"og:description\" content=\"China announced that it had released its e-Yuan cryptocurrency, which has brought the attention of investors worldwide.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-22T22:28:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-22T08:13:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/12\/images-33.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"690\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Max Moeller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@maxemole\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Max Moeller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556\"},\"author\":{\"name\":\"Max Moeller\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/40e2bb7ce5197525f89f809b68ffe13f\"},\"headline\":\"China Releases e-Yuan Cryptocurrency, Though Some Questions Remain\",\"datePublished\":\"2020-05-22T22:28:21+00:00\",\"dateModified\":\"2021-07-22T08:13:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556\"},\"wordCount\":173,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"Bitcoin\",\"China\",\"Cryptocurrency\"],\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/261556\",\"name\":\"China Releases e-Yuan Cryptocurrency, Though Some Questions Remain - 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