China’s Central Bank is Already Testing Its Own National Digital Currency

in cryptocurrency •  8 years ago 

According to a paper published in the academic journal Tsinghua Financial Review and online, the People’s Bank of China (PBoC), China’s central bank, is currently testing its own national digital currency with fake transactions between it and some of the country’s commercial banks. Since the central bank is seemingly proceeding with caution there is no set timetable for the deployment of the currency, and its plan, according to officials, is to issue it alongside the Chinese Yuan.

Source/ Read all article here: https://www.cryptocoinsnews.com/chinas-central-bank-already-testing-national-digital-currency/

Image source: http://www.bbc.com/news/business-29233753

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Let me know when the ICO is..I'm in..🚀

Im not sure if there will be an ICO :) Its not a company that is starting... Is an government :)

Haha..well first day release..I gotta know. Haha

great post, blogged about this as well, followed!!