An indirect subsidiary of the People’s Bank of China, Yangtze River Delta Financial Technology, has been heavily recruiting for blockchain professionals,
reported Sina Finance.
The People’s Bank of China is gearing up to introduce the digital renminbi. It has formed the Central Bank Digital Money Research Institute to oversee affairs related to the Central Bank Digital Currency (CBDC). The Chinese news outlet made a deduction that the staff will work on the CBDC.
However, the CBDC itself is not expected to be blockchain-based, though it could be. As shown below, the subsidiary is also involved in other blockchain activities. Hence the staff could work on separate or related applications that will leverage the digital renminbi.
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