China’s sovereign digital currency plan in doubt with concerns raised about wider application

//China’s sovereign digital currency plan in doubt with concerns raised about wider application

China’s sovereign digital currency plan in doubt with concerns raised about wider application

Doubts over the application and usage of digital currencies in China have cast a shadow over Beijing’s plan to start a groundbreaking sovereign digital currency, suggesting the official launch could be much later than expected.The People’s Bank of China (PBOC) was among the first major central bank to study a sovereign digital currency, with its affiliated digital currency institute having stepped up rhetoric about its “digital currency electronic payment” scheme after Facebook unveiled a plan…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-01-13T14:15:05+00:00 January 13th, 2020|Headlines|Comments Off on China’s sovereign digital currency plan in doubt with concerns raised about wider application