China Second Country to Pilot Central Bank Cryptocurrency, Behind Venezuela #digitalyuan

Was Venezuela onto something when they rolled out the Petro?

 

Now China is piloting it’s first cryptocurrency.

 

Read More at the Financial Express:

China’s central bank begins testing of digital currency

By: |

Updated: April 20, 2020 7:25:01 PM

China’s official digital currency is undergoing testing and has not been officially released, official media reported on Monday.

China, China central bank, chian digital currency, facebook libra, people bank of china, digital currency, electronic payment

China’s official digital currency is undergoing testing and has not been officially released, official media reported on Monday. (Reuters photo)

China’s central bank has started testing its official digital currency, pressing ahead with its plan to roll out a virtual money payment system, days after Facebook-backed Libra scaled back its ambitions to become a global currency.

The Digital Currency Research Institute of the People’s Bank of China (PBC), China’s central bank, said that the research and development work of China’s official digital currency, dubbed as DC/EP, is proceeding steadily, and the internal pilot tests are carried out in four cities and will be carried out in scenarios of the 2022 Winter Olympics Games in Beijing.”

https://www.financialexpress.com/market/china-begins-testing-of-digital-currency/1934493/

 

 

 

And from Bitcoin News:

Trending Bitcoin News and Market Sentiment April 21st, 2020: China Confirms Digital Yuan Tests in 4 Cities as Blockchain Is Named as Part of Future Data and Technology Infrastructure

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