China’s Digital Currency Reached Final Stage of Development

The People Bank of China (PBoC) deputy director Mu Changchun said that the digital form of the Yuan would be different to Bitcoin (BTC) and stablecoins. Meanwhile, China’s central bank is going full speed ahead towards launching a digital token to challenge the United States dollar as it is planning to conduct the first real-world test of its central bank digital currency before the end of 2019.

 

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