An inside look at China's digital currency

[Tnoy30]

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