Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Tnoy30 on June 28, 2020, 06:01:19 PM
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China's digital currency is slowly gathering momentum. But DCEP is not blockchain based, it's centralized, with a 'loosely coupled' twist.
While 80% of the world's central banks are exploring digital currency, China has been on this particular journey for a good six years. In 2014, Xiaochuan Zhou, then Governor of the People's Bank of China, established a Digital Currency Research Institute with the goal of exploring its potential use for the PBOC, which is the country’s central bank. The following few years saw the birth of a few research centers scattering across the country.
Read on: https://decrypt.co/33866/dcep-an-inside-look-at-chinas-digital-currency