Over the weekend, the three day Bund Financial Summit began in Shanghai. Lu Lei of the nation’s foreign exchange administration revealed at the forum that it is exploring blockchain, as we
reported yesterday.
The VC of the China International Economic Exchange Center, Huang Qifan, also spoke at Bund, claiming that the country’s upcoming central bank digital currency (CBDC) will the globe’s first in circulation.
According to
Sina Finance, he said “The People’s Bank of China has been studying [digital currency] for five or six years, and I think it has matured. [It] is likely to be the first central bank in the world to introduce digital currency.”
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