29/08/19 10:00 UTC-4

Central Bank of China: Rumors about the release of crypto yuan in November is "erroneous speculation"

CryptocurrencyThe PRC regulator did not specify when it will release the crypto yuan
The PRC regulator did not specify when it will release the crypto yuan

The Central Bank has denied rumors that it is preparing to issue a national digital currency before November 11, 2019, when one of the most massive sales in honor of Bachelor’s Day will begin in the country.

 

The Central Bank of China has denied rumors about the release of crypto yuan

The Central Bank of China said that the information that the regulator is going to issue a digital yuan before November 11 is "erroneous speculation". This was reported by the state Global Times media. 

The regulator did not specify when he will nevertheless introduce his digital currency to the world.

Interesting in the section: Car for cryptocurrency: where you can buy a car for digital money

  • On November 28, Forbes sources said that the regulator intends to release crypto yuan in the near future 
  • According to them, 7 companies and organizations, including Alibaba, will be engaged in the distribution of digital currency. In total, 1.2 billion citizens of the PRC and "people who work with the fiat yuan" should receive crypto yuan
  • The Central Bank of China has developed a digital currency on several technologies, including on the blockchain

 

Editor: Jerg Wos

See also: "Bitcoin collapsed at $660 and pulled the market along. Why?"

#CBDC #Cryptocurrency #CryptoYuan #China #Alibaba

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