CHINA’S DIGITAL CURRENCY IS PROGRESSING WELL BUT STILL NO RELEASE DATE YET

Chinese central bank, the People’s Bank of China (PBOC), stated that its research and development cell will continue its work in the creation of a sovereign digital currency in 2020. Although, it didn’t specify the release date of the currency.

In the summary of the annual work conference held in the last week of the year 2019, PBOC stated that it made a “smooth progress” on the digital currency. PBOC is among....