Cryptocurrencies: 2768 / Markets: 20352 Market Cap: 24h Vol:
2020-01-15 00:25:50

Chinese central bank digital currency shrouded in doubts

The Chinese central bank digital currency (CBDC) suffers skepticism once again as the project’s application comes under question. Chinese central bank digital currency Ejinsight reported that the People’s Bank of China (PBoC) has announced that it will continue its research of digital assets and continue to monitor the events occurring in the crypto markets globally. Currently, research and development of the CBDC is going on and would be completed soon. The next stage of the project involves the testing of the digital asset in a controlled environment. The Deputy Governor of the PBoC, Fan Yifei is to test the asset

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer