Convert Chinese Yuan to Bitcoin
Please provide values below to convert Chinese Yuan [CNY] to Bitcoin [BTC], or Convert Bitcoin to Chinese Yuan.
How to Convert Chinese Yuan to Bitcoin
1 CNY = 848991.386421364 BTC
Example: convert 15 CNY to BTC:
15 CNY = 15 × 848991.386421364 BTC = 12734870.7963205 BTC
Chinese Yuan to Bitcoin Conversion Table
| Chinese Yuan | Bitcoin |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.