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Donald Trump on China, crypto: 'I'm a big fan of the dollarBeijing banned crypto trading in , and authorities have since detained, fined and jailed people working in the sector. Big crypto exchanges. The digital wallet, called the ???? shuzi qianbao in Chinese, is an online wallet through which you can keep track of and store e-CNY. It is. The People's Bank of China argues that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability.