What was feared by the world's major banks and governments has come to pass. China has taken an unprecedented step towards cryptocurrencies and blockchain technology and is launching an official coin.

The Chinese government has informed that they prefer a company for the purchase and marketing of their new coin - YuanPay Group.

The sales of China's coin officially started and currently these coins can be bought only from YuanPay Group at the price listed on their official website. And one more good news - Canada is one of the first countries where sales began today.

Chinese Finance Minister Liu Kun announced that the starting price of the coin will be only 0,01!

Our editor checked the information and said that as of today, approximately 13,000 official coins can be purchased for 250.

What do the experts say?

Undoubtedly, the most popular cryptocurrency investor in 2021 Elon Musk, who invested $1,5 billion in Bitcoin. We managed to get a comment from him:

"You know, no one was behind Bitcoin from the beginning, but behind this coin from start is a big and mighty China. I envy Canada very much that they were one of the first to be allowed to invest with YuanPay Group.

Anytime a major corporation announces even a small partnership with an individual cryptocurrency that coin's value skyrockets. I can't wait to see what happens when a government officially adopts a crypto. When the name of China's coin is released many people will become millionaires practically overnight. I personally, and my company Tesla will definitely take part in this."

We also asked for a comment from Tan Eng Chye - President of National University of Singapore and he told us that according to the scientific community of financiers, the Chinese cryptocurrency can overtake Bitcoin in 10 years, which shocked a little:

“We think that by the end of the month, when the news spreads around the world, the price of the Chinese cryptocurrency will grow at least 10 times.

According to our forecasts, in the next six months the price can easily increase up to 1,000%. But, most importantly, if China continues to actively develop blockchain technologies, they have every chance of surpassing Bitcoin in terms of price and capitalization in 10 years.

Residents of Canada are lucky that YuanPay Group has started a marketing campaign in our country in one of the first. This is a great chance to increase the personal capital of citizens."

Later, the professor sent us a email: "One of our main analysts at the University even made a chart with a price in Canadian Dollar forecast for the next half year. Your subscibers will be interested.