News Snapshot:
China: Private banks to help with the rollout of booming digital yuan 2 cryptheory The nation is leading in the development of a state-backed digital currency and banks are joining that cause. China’s private banks step up Some Chinese private banks are joining in on the nation’s rollout of its upcoming digital currency, as per local reports . Officially the “Digital Currency, Electronic Payment” (DCEP), the so-termed digital yuan is scheduled for a 2022 launch. More than 2 billion yuan ($309.30 million) has already been spent using China’s new digital currency so far in 4 million separate transactions, said PBoC...
