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Cryptocurrencies have been around since 2009, and they have proven to be a unique and efficient way to manage your money and invest it. Overall, every crypto is available in most countries worldwide, making them extremely accessible assets. However, it’s important to note that some governments still have some regulations on cryptocurrencies, making it harder for people to get them.
This is the case with China. While crypto is not particularly illegal in this country, it has specific regulations that most of its people must be aware of. For example, in September 2017, Initial Coin Offerings (ICO) was banned in China, which made several crypto platforms and exchange websites to close down to avoid legal problems.
Many Chinese people don’t understand whether cryptos are legal or illegal in the country. You may hold cryptocurrencies if you want, but the Chinese banking system doesn’t currently accept any cryptocurrencies as a tool for retail payments. In other words, you may not exchange cryptocurrencies without official authorization unless the transactions benefit the “real economy.”
However, this has been slowly changing due to cryptocurrencies becoming more popular in the digital era. Today, you can find a cryptocurrency sale reasonably quickly, which means that you can acquire them from anywhere you are without much issue.
A few years ago, China’s Central Bank (also known as People’s Bank of China) started to consider developing a digital asset that could compete with crypto, and eventually, converting China into a completely digital financial system.
Keep in mind that while China’s cryptocurrency works as one, it’s not exactly a cryptocurrency; this new type of digital asset is called a “Central Bank Digital Currency,” or “CBDC.” To put it shortly, a CBDC is a digital currency issued by a government’s central bank, and it allows you to make transactions as long as they comply with the law.
China’s crypto has been studied and tested for several years now, but it’s starting to show its potential now. In fact, China is expected to become one of the first significant economies worldwide to release a CBDC to the public.
The main thing that differentiates the digital Yuan against any other cryptocurrency is that the former is centralized, meaning that there’s a government entity managing the asset and its transactions. Most cryptocurrencies are decentralized, making them more accessible for the average user.
While the centralized aspect of the digital Yuan can be considered as negative for some people, it’s still seeing significant growth over the months. Since the country’s primary goal is to fully convert its economy to a digital one, it’s only a matter of time until other countries start to do the same.
Considering that the China coin has to go through the government’s regulations, you may be wondering what the YuanPay Group is and what it can do for you as an investor. To put it simply, the YuanPay Group is a government-approved distributor of the China coin. In other words, we’re allowed to buy and sell cryptos in China.
Thanks to the increasing interest in this crypto, the YuanPay Group is allowed to work as a broker if you want to acquire the new Chinese cryptocurrency. As of today, you can go to our company to make any kind of crypto transactions, including those involving the new China coin.
As said before, China has been the leading manufacturer in many areas for years; it was natural for them to start investing in the digital currency world. In the YuanPay Group, our job is to teach us as much as we can about this new cryptocurrency and how it differs from other assets available today.
Keep in mind that the Chinese government has never backed any crypto in history. The fact that China is now looking to transform into a nation with an entirely digital currency, it’s likely for investors to take an interest in it. Since investors are taking a closer look at China for its crypto, it’s only a matter of time until its value skyrockets.
Last year, China handed out $1.5 million worth of its digital Yuan to test it. People were allowed to download an app to their smartphone, receive the crypto, and spend it at over 3,000 merchants in a Shenzhen district. However, this event was a lottery made by the Chinese government, making the asset more exclusive for those who won.
Considering that, it’s safe to say that acquiring the digital Yuan is not easy at all. However, thanks to the efforts of the YuanPay Group, you may now be able to watch and test the asset yourself.
Our YuanPay Group offer involves making trades in a secure and efficient trading platform that allows you to use your fiat currencies in exchange for the China coin. As of today, we’re an authorized distributor of this cryptocurrency, meaning that the government has given us special permission to sell this asset to people who invest in it.
It’s important to note that this asset is still being tested by the Chinese government, and as we’ve stated before, not everyone has access to it. Many scammers without authorization have taken the opportunity to offer the China coin to investors, which can end in fraud transactions.
While the YuanPay Group is able to manage cryptocurrency transactions, we’re focusing solely on the digital Yuan now since we’re an exclusive sales partner, which means that our China coin sale should always be compliant with the guidelines of the Chinese government.
Another thing to keep in mind is that the Yuan Pay Group is currently working as one of the only authorized distribution centers for cryptos in this country; this means that Chinese residents may only do business regarding cryptos with the Yuan Pay Group.
Besides that, the Yuan Pay Group trades the digital Yuan in the same way you would trade a regular cryptocurrency. You sell your local currency in exchange for a part of this new asset. Alternatively, you may sell your acquired digital Yuans and get another currency instead.
The best thing about the Yuan Pay Group is that it’s not limited to Chinese residents. If you live in another country, but you want to try out the asset for yourself, you’re allowed to. However, we advise you to be careful with your investment since this is a relatively new asset, and its value may drastically change over time.
Our team at the Yuan Pay Group has worked for several years to partner up with most major banks in the country, which allows us to have a smoother trading experience for those who want to get the asset.
On the other hand, our developers have made a big effort to make the Yuan Pay Group website something smooth to browse from anywhere; this means that whether you’re on your computer or your phone, you may access the website if you have internet access. There are currently no mobile apps, but don’t worry; the website is highly optimized to work on both desktop and mobile devices.
To do a recap, the Yuan Pay Group can provide you with all the tools necessary to get you started on the new Chinese coin. However, you need to do research on your end if you want to make the most out of your trading experience. Remember that this asset is still new, and many things are waiting to be discovered.
Overall, here’s what you can get by becoming a member of the Yuan Pay Group:
Becoming a member of our group is relatively easy, and the process may be completed in a matter of minutes. If you’re interested in joining our trading community, make sure to read the following section and follow these steps carefully:
First, you need to click on the “Register Account” button at the end of this page; that button is going to redirect you to a registration form that you have to fill out with your contact information. Make sure that the information is accurate since it’s going to be used to create your new investor account.
Normally, we only ask you for your first and last name, e-mail address, and phone number. After you send us everything, we’re going to send you an e-mail with the final steps for verifying your account.
After you’ve finished creating your account, you’re going to be redirected to the Yuan Pay Group’s trading platform. In there, you can start reading more about how the Chinese cryptocurrency works before you begin investing.
We advise you to educate yourself on this new asset as thoroughly as possible so that you can understand all the risks that may come with your investment. Keep in mind that assessing your risks is the best way to make a good financial decision and find a great sale on these coins.
When you’re done, you can fund your account with any investment amount you consider appropriate and exchange those for the digital Yuan.
Make sure to follow all the instructions provided by the platform so that you can properly convert your fiat asset into the digital Yuan. If you want to take things as safely as possible, we suggest that you start with small amounts to reduce the risk factors. Once you’re more comfortable with the system, you can buy more coins.
Since this new asset is revolutionizing the way in which we perceive economics, it’s natural for people to have several questions about it. We advise you not to start investing after you’ve answered all the questions you have about this Chinese coin.
There are several questions that we regularly get from our potential users, so we decided to gather them and include them in this FAQ list. Keep in mind that this is an asset currently evolving, so we’re going to keep updating this list as we obtain more information on it.
If you have any pending questions regarding the digital Yuan or our trading community, keep reading!
Currently, we don’t charge you any fees for becoming a member, funding your account, or making a withdrawal. We understand that most trading platforms may charge you fees for using their service, which can be exhausting or overwhelming. Instead, we chose to make our website entirely free for you.
While the digital Yuan works slightly differently from other cryptocurrencies, the exchanging process works in the same way. To begin, create your account, invest any amount of money you want, and then buy the amount of digital Yuans you consider appropriate.
However, we advise you to do proper research on the asset before you start buying higher amounts of this asset. Investing in new assets can come with several potential risks, and if you don’t assess them in time, you may lose a sale or make an overall poor investing decision.
Overall, using our platform to buy digital Yuans only takes a few minutes to learn, but you still need to investigate this asset as much as you can to avoid future problems.
Many beginners believe that they can’t start investing in an asset because they’re more prone to making mistakes. The main mistake that you can make as an investor is beginning to invest without having done proper research on the asset; to avoid that, it’s recommended to practice your strategies before you implement them into your trading sessions.
Taking that into account, it’s safe to say that you can begin investing whenever you want, as long as you feel prepared for it. If a particular strategy doesn’t work for you at first, you can learn from it and use another one in the future; that way, you’re continually learning.
Getting partnered up with the Chinese government wasn’t an easy task, but we’re proud of what we’ve achieved, and we’re ready to show what we’ve learned about cryptocurrencies and the new digital Yuan.
At first glance, it may seem like another cryptocurrency, but if you take a closer look at it, you’re going to notice that there are several things that make it unique compared to other assets. Digital currencies are often considered the future of economics, so if you haven’t started to learn more about them, now may be the time to make the most of it.
If you’re ready to begin, join our team!