Will China authorize banking operations using virtual currencies again by the end of 2022?
18
260Ṁ932resolved Jan 1
Resolved
NO1H
6H
1D
1W
1M
ALL
In June of 2021 the People’s Bank of China issued guidelines to the country’s major financial institutions restricting the supply of services, products, and transactions linked to virtual currencies. The authorities are identifying and restricting the activities of cryptocurrencies exchanges and over-the-counter operators. These prohibitions have happened in the context of a tightening of Bitcoin mining in the provinces of China.
If the People’s Bank of China goes back to allowing financial institutions to offer products, services, and transactions using virtual currencies - other than the digital yuan - by December 31, 2022, this market will be resolved as “Yes.
This question is managed and resolved by Manifold.
Get
1,000 to start trading!
🏅 Top traders
# | Name | Total profit |
---|---|---|
1 | Ṁ32 | |
2 | Ṁ21 | |
3 | Ṁ20 | |
4 | Ṁ8 | |
5 | Ṁ6 |
People are also trading
Related questions
Will the EU require virtual currency purchases to display real-money equivalents within a year?
25% chance
Will the Chinese Yuan be among the top 3 global payments currencies before 2030?
44% chance
Will the United States have an official central bank digital currency by the end of 2028?
21% chance
China to make the Yuan freely convertible by end of 2026?
14% chance
Will the United States have an official central bank digital currency by the end of 2033?
37% chance
Will the United States have an official central bank digital currency by the end of 2038?
47% chance
Will there be a BRICS blockchain-based currency by the end of 2025?
18% chance
Will any central bank buy a cryptocurrency (CBDC doesn't count) for their reserves by the end of 2030?
72% chance
Will the UK have a central bank digital currency by the end of 2027?
16% chance
Will the U.S. have a central bank digital currency by 2030?
31% chance