The only recognized virtual currency in China is the digital renminbi. The digital renminbi is the official digital currency issued by the People's Bank of China, commonly referred to as digital renminbi or DCEP. It is based on blockchain technology to achieve decentralized transactions, but unlike cryptocurrencies such as Bitcoin, the digital renminbi is a legal tender, possessing legal enforceability and mandatory acceptance, supported by national credit. In summary, as the only recognized virtual currency in China, the digital renminbi not only has the authority and security of legal tender but also enhances payment efficiency and convenience through blockchain technology, widely applied in various payment scenarios. #BABYMARVIN🐶 contract address f9c7#加密货币市场持续震荡 #牛市赛道是那条？