China’s central bank says crypto gave impetus to the creation of its CBDC By Cointelegraph



China’s central bank says crypto gave impetus to the creation of its CBDC
China’s central bank says crypto gave impetus to the creation of its CBDC

Much attention has been paid to the global, geopolitical implications of China’s rapid and pioneering development of its digital yuan, also provisionally known as e-CNY.

Yet in a new white paper published by the Working Group on E-CNY Research and Development of the People’s Bank of China (PBoC), the institution gave a more domestic-focused and technologically-driven vision of the new currency’s background and key objectives.

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Paul Wekem

Paul Wekem

Paul Wekem Ghanaian security specialist is well versed in managing and directing the implementation of security standards and policies including total integrated security solutions to optimize controls. He is proficient in the establishment and development of external relationships with stakeholders, negotiating and influencing at all levels

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