China has the following virtual currencies in the crypto market

- Bitcoin$BTC

(BTC): Although not considered a legal tender, it is considered a virtual commodity.

- Ethereum$ETH

(ETH): Although not considered a legal tender, it is considered a virtual commodity.

- Yuan-backed stablecoin (CNHC): Considered a legal digital fiat currency.

- Digital Yuan (e-CNY): Considered a legal digital fiat currency and has been given legal status in China.

- Other virtual currencies and tokens: Although not considered a legal tender, they are considered virtual commodities.

Chinaโ€™s cryptocurrency market was previously one of the largest in the world, but the Chinese government has taken efforts to prevent the trading and mining of digital assets since 2017

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