What plans does China have for its CBDC?
2019年12月7日 - 8:00PM
Coin Rivet
When Mark Zuckerberg stood in front of a predatory US Congress
to defend Libra, he warned that China was not idly waiting around
when it comes to developing its own revolutionary tech. His words
seemed to trigger a switch. Almost immediately afterwards,
President Xi Jinping came out in support of blockchain technology.
He also said that plans for China’s CBDC (central bank digital
currency) would be accelerated. But it wasn’t a rapid or
spontaneous response to Libra. China has been researching the
possibility of a digital RMB since 2014. Gavin Brown, Senior
Lecturer and Associate Professor of Economics, Policy, and
International Business, told Coin Rivet: “I was surprised and
enthused that they had actually been researching it for the
last
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