China says it will expand a pilot program of its digital currency, led by its central bank People's Bank of China, to include a number of large cities
Testing efforts are being led by the People's Bank of China — HONG KONG—China's Commerce Ministry said it would expand a pilot program …
Wall Street Journal Eva Xiao
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Discussion
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@coindesk
@coindesk
on x
China is said to be planning a major expansion of testing for its digital yuan across a number of more developed regions including Hong Kong. Via @Dan_Z_Palmer https://www.coindesk.com/...
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@cate_long
Cate Long
on x
China said it would expand a pilot program for its digital currency to include a number of large cities. Central banks have exhausted the bank mediation channel with rates in zero lower bound & central bank digital currencies are a powerful new tool https://www.wsj.com/...
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@xrpcryptowolf
@xrpcryptowolf
on x
China is planning a major expansion of testing for its Central Bank Digital Currency across a number of more developed regions including Hong Kong The project team is hoping to be wrapped up with the new trials by the end of 2020 https://www.coindesk.com/...
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@jchengwsj
Jonathan Cheng
on x
China's central bank, which launched a pilot for its digital currency earlier this year, is now bringing it to its wealthiest cities, in a step forward for what would be the first electronic payment system backed by a major central bank. @evawxiao @QiLiyan https://www.wsj.com/...
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@milinddeora
@milinddeora
on x
China's central bank is steadily reducing its reliance on SWIFT & other global electronic payment systems. @RBI must adopt an agressive approach to innovation so that India's indigenous payment systems - e.g. NEFT & @UPI_NPCI - can get ahead of the curve https://www.wsj.com/...
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@wsj
@wsj
on x
If the new currency, known by its internal shorthand “DC/EP,” or “digital currency/electronic payment,” is rolled out to the public, it would be the first electronic payment system launched by a major central bank https://www.wsj.com/...