Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on January 18, 2021, 07:02:21 AM

Title: China turns up pace on CBDC release, tests infrastructure prior to adoption
Post by: newshunter on January 18, 2021, 07:02:21 AM

China turns up pace on CBDC release, tests infrastructure prior to adoption

The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.

Source: China turns up pace on CBDC release, tests infrastructure prior to adoption (https://cointelegraph.com/news/china-turns-up-pace-on-cbdc-release-tests-infrastructure-prior-to-adoption)

Would appreciate your opinion about this

Title: Re: China turns up pace on CBDC release, tests infrastructure prior to adoption
Post by: Giangphuong8489 on January 18, 2021, 04:10:44 PM

China continues to be the leader in the CBDC wave, having prepared both the infrastructure and quickly unified development strategies in many provinces across the country. At the current rate, I think it takes only 1-2 years for them to apply DCEP across the country. Other countries will have an example to follow and learn from experience to avoid mistakes.

Title: Re: China turns up pace on CBDC release, tests infrastructure prior to adoption
Post by: codehash on January 18, 2021, 11:22:25 PM

They conducted a massive public test. They had a successful result. Compared to the rest of the world, it could be considered a far ahead enterprise. The Chinese central government continues its search for digital money seriously.