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12:22PM, 11 Jan 2020

People’s Bank of China Says “Top-Level” Design of Digital Yuan has been Finalized

The People’s Bank of China (PBoC), the nation’s central bank, has reportedly stated that the “top-level” design of its national digital currency has been finalized. The Chinese reserve bank revealed the development of the sovereign digital currency in a new paper, confirming that the “top-level design, standard formulation, functional research and development” had been successfully completed. The next steps in the development of a state-backed digital currency will involve adhering to the principles of stability, ... 'People's #BankOfChina Says 'Top-Level' Design of #DigitalYuan has been Finalized ' → [Read details]

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