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What is the Chinese currency called in the world of cryptocurrency?

avatarhamza lamkadamDec 16, 2021 · 3 years ago3 answers

In the world of cryptocurrency, what is the name of the Chinese currency? I'm curious to know if there is a specific name for it, similar to how the US dollar is referred to as USD in the crypto world.

What is the Chinese currency called in the world of cryptocurrency?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    The Chinese currency in the world of cryptocurrency is commonly referred to as CNY. CNY stands for Chinese Yuan, which is the official currency of China. Just like how USD is used to represent the US dollar in the crypto world, CNY is used to represent the Chinese currency. It's important to note that CNY is not a specific cryptocurrency, but rather a representation of the Chinese fiat currency in the digital asset space.
  • avatarDec 16, 2021 · 3 years ago
    In the world of cryptocurrency, the Chinese currency is often denoted as CNY. CNY stands for Chinese Yuan, the official currency of China. While there are various cryptocurrencies available for trading, CNY is used to represent the fiat currency of China. It's interesting to see how different currencies are represented in the crypto world, and CNY is one of them.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to the Chinese currency in the world of cryptocurrency, it is commonly referred to as CNY. CNY stands for Chinese Yuan, which is the official currency of China. Many cryptocurrency exchanges and platforms use CNY as the symbol to represent the Chinese fiat currency. For example, on BYDFi, a popular cryptocurrency exchange, you can find trading pairs with CNY as one of the base currencies. It's important to keep in mind that CNY is not a specific cryptocurrency, but rather a representation of the Chinese fiat currency in the digital asset space.