China has suspended research and launches for electronic currency digital paymen

[DLiiMa]

This delay is related to the corona virus outbreak or now referred to as Covid-19 which is still ongoing there.

"The corona virus outbreak has led to the resumption of work at government institutions, including the People's Bank of China (PBoC). Policymakers and research staff involved in the DCEP project are no exception, which burden the development process, "an unnamed source was quoted as saying by cryptopotato.

According to Shentu Qinchun the CEO of the blockchain company based in Shenzhen and involved in the CBDC project said if the central bank is expected to make important announcements during the first quarter of 2020.


and how about your country?
#RESPECT

[enhu]

China's news isn't as accurate as what is being spread in the TV news though. There is always somewhat like a deceit to the public, you wouldn't see it to be the truth when after this they finalize the release which is already for all of China. Not even testing it first to one of their city. Wherever you got this news?

[semobo]

Its not a wonder that why we see such activity from China,human lives are more important than their research they are in need of medicine for corona and building hospital so they will back into development things only when the condition becomes normal in China.

[BitcoinPanther]

We need to understand China because of their current situation and their battle against COVIT-19. Blockchain and Cryptocurrency is important but of course, their priority now is the safety and well-being of their people. I guess we just need to support them and help them so they can recover immediately and we are hoping that the virus will be controlled and will be eliminated as soon as possible since not only them but the whole world is at stake. I don't mind if their reports are inaccurate since their government decides for it. I think what they need now is our support and prayer.

[Febo]

According to Shentu Qinchun the CEO of the blockchain company based in Shenzhen and involved in the CBDC project said if the central bank is expected to make important announcements during the first quarter of 2020.

What does this mean? I dont understand what this guy said. Can you rephrase it. What you said makes no sense to me.



In general I believe they should push to get their cryptocurrency as fast as possible.

[pixie85]

They can announce all they want. We all know that this virus was made in their own lab so instead of complaining how this is paralyzing their industry they should take responsibility for it and tell the world why they were researching a flu that has genes of sars within it and why their labs aren't secure enough to contain the pathogen.

The news is good. The world doesn't need another centralized crypto.

[ansi]

It's always like this in Chine " banning crypto, it's ok for crypto again " & all that kind of endless crypto drama.
One thing for sure IMO is that this whole crypto thing is a Chinese invention made for the purpose of killing the worldwide financial system at the day 0.

[DLiiMa]

hi guys, you can read this too.

https://bitcointalk.org/index.php?topic=5230143.msg53957313#msg53957313

thanks a lot

[Furryball]

The time will still come to continue the development of the digital currency, I really can't say if this virus was purposely unleashed to crash the economy for now it's better to face the coronavirus and put a spot to it before it's too late

[TheClownSong]

Covid19 interfered with many government programs in various countries and I think the concentration of the government is still to deal with the impact of this epidemic. Even yesterday, the Fed decided to reduce interest rates by 0.5% to ease the depressed economy with the impact of Covid19

[jossiel]

What's the latest news? first quarter is about to end. We're on the beginning of March but days are passing by very quick so that announcement has been mentioned will be announced by this month.

I guess almost everything which is very important that's being done on China is being halted. My country is still good and the health department is doing the best that they can to avoid or at least reduce the cases.

[Davian144]

This delay is related to the corona virus outbreak or now referred to as Covid-19 which is still ongoing there.

"The corona virus outbreak has led to the resumption of work at government institutions, including the People's Bank of China (PBoC). Policymakers and research staff involved in the DCEP project are no exception, which burden the development process, "an unnamed source was quoted as saying by cryptopotato.

According to Shentu Qinchun the CEO of the blockchain company based in Shenzhen and involved in the CBDC project said if the central bank is expected to make important announcements during the first quarter of 2020.


and how about your country?
#RESPECT

It is unfortunate, because this week I saw several countries that have restricted foreign visitors from entering the country, this was done by the government to protect their own citizens from contracting the corona virus, because the transmission of the corona virus is very sharp and very fast, so it's natural when some activities have to be postponed for our own safety.

[shinratensei_]

Covid19 interfered with many government programs in various countries and I think the concentration of the government is still to deal with the impact of this epidemic. Even yesterday, the Fed decided to reduce interest rates by 0.5% to ease the depressed economy with the impact of Covid19

With the fast growth of total infected by covid-19 and china must try to hold all of the development and research related to its economic system. Its' not only happening with china but i was seeing the news yesterday that world bank was also decided to put a lot of money for this virus. Covid 19 is a world pandemic virus and WHO was also putting maximum alert as covid 19 already spread globally.
It's a serious thing caused by there will be more people will die caused by this virus. This doesn't give a good impact on the crypto too.
So many countries have already canceled their event. Just hope the world can pass this problem and we will see the next further progress to continue the development of the electronic currency by the countries too.
Crypto users need to hodl the situation.  

[DLiiMa]

covid-19 is really very disturbing, the effect is so big to the world.
thousands of lives disappeared.

paralyze the economic aspects of the country concerned.

how about your country?

i Hope everything gonna be OK

[Crypto_lion]

There is no need to panic or be pessimistic about the delay I. China adopting a digital currency. The entire market and the manufacturing industry is affected by the virus and people aren't working as they normally do . So it's understandable that the work in the digital currency is delayed. Don't forget that China is one of the front-runners in this .

[el kaka22]

Honestly when you have a huge virus outbreak in your nation that killed thousands of people and infected x10+ more people as well that kind of becomes the priority as it would be expected.

Digital currency of their own government can wait a lot longer as long as they can figure out a way to stop this and heal the infected people and find some medicine that basically fixes the corona virus people before killing them, that would result with much better outcome for crypto as well because people would start buying back bitcoin and other investment stuff when the disease is over and globally not scared of it anymore and can resume their investments once again. In the end they will eventually do the digital currency, first and foremost they have to fix this corona deal.