Crypto News N1
--
Bullish
How did BYD Auto manage to sell over 100 cars for Pi Coin amid the ban? 🔥🤔
In China, BYD Auto Service Co., Ltd. reportedly sold over 100 cars using Pi Network’s Pi Coin ($PIGCV314159), with each car exchanged for 0.2 Pi. 🔥
The company, based in Yuhua District, Changsha City, Hunan Province, conducted the transactions despite China’s strict ban on cryptocurrency trading, mining, and use, citing financial risks, fraud, and capital outflows. 🔥
The legality of the sale remains unclear, as China banned all cryptocurrency transactions in 2021. However, underground cryptocurrency trading and alternative barter systems still exist. The legality of BYD Auto Service’s actions remains unclear, as cryptocurrency transactions are illegal under Chinese law. 🔥
The unauthorized Pi Coin PIGCV314159$ appears to be a speculative gray market conversion value (GCV) used in community-driven transactions. The symbol “314159” refers to Pi (π), a recurring pattern in the Pi Network brand. 🔥
ByD Auto Service is backed by major companies including Gaoling Group, Sequoia Capital, Hongyuan Construction, Poly Group, and Hunan Pailian Co., Ltd. 🔥✅️$PAXG
In China, BYD Auto Service Co., Ltd. reportedly sold over 100 cars using Pi Network’s Pi Coin ($PIGCV314159), with each car exchanged for 0.2 Pi. 🔥
The company, based in Yuhua District, Changsha City, Hunan Province, conducted the transactions despite China’s strict ban on cryptocurrency trading, mining, and use, citing financial risks, fraud, and capital outflows. 🔥
The legality of the sale remains unclear, as China banned all cryptocurrency transactions in 2021. However, underground cryptocurrency trading and alternative barter systems still exist. The legality of BYD Auto Service’s actions remains unclear, as cryptocurrency transactions are illegal under Chinese law. 🔥
The unauthorized Pi Coin PIGCV314159$ appears to be a speculative gray market conversion value (GCV) used in community-driven transactions. The symbol “314159” refers to Pi (π), a recurring pattern in the Pi Network brand. 🔥
ByD Auto Service is backed by major companies including Gaoling Group, Sequoia Capital, Hongyuan Construction, Poly Group, and Hunan Pailian Co., Ltd. 🔥✅️$PAXG
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.