China’s official digital currency

blockchain network

China’s Nationwide Blockchain Network BSN Will Launch in April 2020

China’s nationwide blockchain network, the Blockchain-based Service Network (BSN) will launch in April 2020. The launch will commence after its six months of the beta testing period gets over. The network primarily aims to improve the layout of the blockchain sector. And serve the development of smart cities as well as the digital economy. Backed […]

central bank of china

“Digital Yuan Will be Different from Bitcoin” Says Central Bank of China

Central Bank of China deputy director Mr. Mu Changchun announces in his recent media interaction that Digital Yuan will be different from Bitcoin and Stablecoins. According to the South China Morning Post, China’s national digital currency would be a digital form of the Yuan. The head of the digital currency research institute at the People’s […]

central bank of china

Central Bank of China to Test Digital Currency in Shenzhen and Suzhou

The central bank of China is on schedule to test its national digital currency. The test will soon begin in the cities of Shenzhen and Suzhou. Reports also come that four state-owned commercial banks collaborate with three telecom giants in China. Why? Because the collaboration aims to find the best implementation strategies of digital currency. […]

China's official digital currency

China’s official digital currency is ready says its central bank

As much as China shows disapproval towards cryptocurrency, it is now introducing its own form of virtual currency. The People’s Bank of China (PBOC) has announced that China’s official digital currency (CBDC) “can now be said to be ready”. However, there’s no mention of just when the currency would be ready…