China announces crypto-currency as their official coin

From a Forbes article.
China Officially Backs a CryptoCurrency and Establishes it as their Official Coin.

The government of China just informed us that they have chosen a preferred firm for the purchase and marketing of their new coin - YuanPay Group. The sales of China's coin officially started Wednesday, January 20, 2021 and currently these coins can be bought only from YuanPay Group.

In fact, China deputy minister of finance, Liu Kun, informed us that their new official coin starting price is just ¥0.12 cents!

The coin (as at the time of the article) was trading ¥0.33 cents

via International Skeptics Forum https://ift.tt/3sI3hXi