Chinese officials rush to announce Central Bank Digital Currency for Yuan LeapRate

August 14, 2019 BY Valentina Kirilova

Chinese officials rush to announce Central Bank Digital Currency for Yuan

It has been no secret that the development arm of the Peoples Bank of China (PBoC) has been working diligently in the background over the past five years over some form of digital currency that would be nationalized and controlled by the central bank. The status of the project has always been in question, but,…

Bank of China to try digital currency system

The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin. Citing sources from the PBOC, Caixin claims the central bank on December15…

Tag: China digital currency

Chinese officials rush to announce Central Bank Digital Currency for Yuan

Bank of China to try digital currency system

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