How China Is Closing In on Its Own Digital Currency – Coinotizia


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Bitcoin Ethereum News China’s central bank has made steady advances in its goal of launching the world’s first major sovereign digital currency. As the EU begins prepping a digital euro, DW considers the impact of the digital yuan. Imagine going to the bank to take out cash, except without going to the bank and without the cash. If the Chinese central bank’s plan for a digital yuan succeeds, the future could look something like that for everyone. Since early this year, China has gradually ratcheted up testing of its first central bank-backed digital currency, known there as DCEP, or “...