What is bitCNY?
Attached to Chinese Yuan, bitCNY crypto coin is running on the BitShares. BitCNY is acknowledged as a smart and decentralized coin, which intends to support more securely handle activities related to Yuan. This coin indicates how much BitShares an individual’s holdings are valued in Chinese currency. As it is a pegged coin, it is more immune to volatility and notable market inconstancies. BitShares developed Smart Coils, which is indicating the coins that imitate the price of fiat currency they're connected to, and bitCNY is considered to be so. This was done for being sure that coins secured to various fiat currencies would preserve a stable cost and that the cost would be based on the currency it is secured to. Of course, most of BITCNY coins are sold and obtained on BitShares, there're very few exchanges that accept BITCNY.