China’s central bank digital currency is “ready” after 5 years of development

A senior official at China’s central bank announced at the China Finance 40 Group meeting today that the country will soon roll out its central bank digital currency (CBDC.) Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People‚Äôs Bank of China (PBOC,) stated that the CBDC prototype exists and the PBOC’s … Continue reading China’s central bank digital currency is “ready” after 5 years of development