BitMEX CEO warns against the Chinese digital currency

Arthur Hayes, CEO of BitMEX, warns against the Chinese digital currency by labeling it as a government attempt at controlling the Chinese digital financial ecosystem. China’s Central Bank is expected to launch its digital currency now dubbed as “China Coin” in the next few months. Moreover, it is predicted that it will be offered to various fintech companies in the country, including Tencent, Alibaba, and UniPay. It is predicted that the Chinese Central Bank would launch this cryptocurrency in November when the biggest shopping day of the country takes place. On this day, the companies allowed to use it will