In a move that could shake the world of bitcoin and other virtual currencies, China has revealed that it is looking at developing its own cryptocurrency.
In a statement published last week on the People’s Bank of China website – here, in Chinese – the central bank reported on a digital currency seminar in Beijing, attended by the central bank’s governor, at which it was revealed that plans for a rival to bitcoin are well advanced.
Working with Citibank and Deloitte, the PBoC notes that “relevant research institutions, major financial institutions and expert advisory bodies attended the meeting” and that “in-depth research has achieved initial results”.
Read more:
https://news.markets/tech/china-working-towards-introduction-of-a-rival-to-bitcoin-9588/
