Wang Zhongming, former vice chairman of the National Council for the Social Security Fund of the People's Bank of China, reported that the development phase of the Digital Yuan's backend architecture would have been successfully completed.
As detailed by Wang during the Fintech 2020 Forum, the…
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digital yuan
Central Bank of China has no date for the digital yuan
The president of the Central Bank of China, Yi Gang, assured that an exact date for the launch of the digital yuan does not exist today.
"These tests are just routine work for research and development of digital currency (R&D). No…
4 Chinese banks will test digital yuan and distribute it as a state subsidy
The Agricultural Bank of China, one of the country's largest commercial banks and owned by the Chinese government, began testing the digital yuan as a national digital currency project, as reported by cryptocurrency Bitcoinist, adding that…
Deutsche Bank believes that digital assets will be fully adopted
A report prepared by the German bank Deutsche Bank determined that cryptocurrencies could be fully implemented in about two years.
The report published this week ensures that digital assets already have the potential to make a radial…