Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: mlawson71 on December 10, 2019, 11:43:11 AM
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China’s Central bank (the People’s Bank of China) is developing its plan to launch its own digital currency in two of China’s major cities – in Shenzhen with population of 14 million people and which Is close to Hong Kong and in Suzhou, which is a historical city west of Shanghai.
For the upcoming initial test which the Bank intends to begin this month it will partner with seven state-owned corporations - which four commercial banks and three telecoms: the China Construction Bank, the Industrial and Commercial Bank of China, the Bank of China and the Agricultural Bank of China, along with Alibaba, Tencent and Union Pay.
Source (https://www.forexbrokerz.com/news/china-to-launch-bank-backed-digital-currency-in-shenzhen-and-suzhou)
China is as quick in condemning foreign digital currencies as it is quick in creating its own, it seems.