News Snapshot:
China unveils plan to build a global payment network based on central bank digital currencies • NFCW By 0 BLOCKCHAIN: The BSN aims to develop a universal digital payments network based on CBDCs China’s Blockchain-based Service Network (BSN) has revealed plans to develop a universal digital payments network (UDPN) based on standardised procedures for international transfers and payments with and between central bank digital currencies (CBDCs). The state-sanctioned blockchain network aims to roll out the UPDN in beta as early as the second half of 2021 as part of its roadmap for “enabling new features and functions” and “to accelerate...
