China’s digital currency will kick off ‘horse race’: central bank official – Reuters

China’s digital currency will kick off ‘horse race’: central bank official – Reuters

China is preparing to be the first country to roll out a digitized domestic currency, a development that is being closely watched by the world’s financial services industries, though few details are currently available.

Akin to Facebook’s proposed Libra digital currency and other cryptocurrencies such as bitcoin, the Digital Currency Electronic Payment (DCEP) project will be powered partially by blockchain technology.

Sourced through Scoop.it from: www.reuters.com

By | 2019-11-09T09:51:52+00:00 November 9th, 2019|Scoop.it|0 Comments

About the Author:

Leave A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.