China’s Central Bank Plans to Release Digital Currency Soon
China’s central bank is close to releasing a digital currency. A senior government official told journalists that the currency, which took five years of research and development, will have a centralized two-tier structure with the People’s Bank of China at the top level and commercial banks on the second tier. While he did not provide a timeframe for the launch of its cryptocurrency, the … Continue reading China’s Central Bank Plans to Release Digital Currency Soon