What is the difference between CNY and CNH in the context of cryptocurrency?

1 answers

• May 10, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the main difference between CNY and CNH in the context of cryptocurrency is the level of regulation. CNY, being the onshore currency, is subject to stricter regulations imposed by the Chinese government. This means that it may be more challenging to convert CNY into cryptocurrencies or engage in cryptocurrency trading using CNY. On the other hand, CNH, the offshore currency, operates in a more relaxed regulatory environment, making it easier to convert CNH into cryptocurrencies and participate in cryptocurrency trading. However, it's important to note that the availability and acceptance of CNY and CNH for cryptocurrency transactions may vary depending on the specific exchange or platform you are using.
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