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China’s Plan for Digital Yuan Imperils Bitcoin’s Biggest Markets

  • Nation is expected to be among first to issue digital currency
  • Crypto platform chief flags risk of upheaval from virtual yuan
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Bitcoin Is an Institutional Asset Class: Novogratz
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Trouble may be brewing in China for Bitcoin’s raucous and divisive rally as the nation pushes ahead with a world-leading effort to create a digital version of its currency.

That’s because the eventual rollout of the virtual yuan could roil cryptocurrency markets if Chinese officials tighten regulations at the same time, according to Phillip Gillespie, chief executive of crypto market maker and liquidity provider B2C2 Japan, which mainly works with institutional investors.