concept   currency
culture   China
statement   China embraces digital payments while regulating digital currencies to mitigate potential risks to traditional banking.

4 similar statements
# Concept Culture Statement Freq.
1 currency China Cash is still commonly used, but electronic and mobile payments are also popular and widely accepted 1
2 digital currencies China Met with caution and government restrictions due to potential impact on traditional banking systems 1
3 digital currency China Tightly regulated and integrated into mainstream financial systems 1
4 paper currency China Less preferred compared to digital payment methods like e-wallets and mobile payments 1