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Mu Changchun – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Mon, 23 Dec 2019 07:21:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Mu Changchun – DIGIT INFO https://www.digit.info 32 32 PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin https://www.digit.info/pboc-official-chinas-digital-yuan-wont-be-a-speculative-currency-like-bitcoin/ Mon, 23 Dec 2019 07:21:31 +0000 https://www.digit.info/2019/12/23/pboc-official-chinas-digital-yuan-wont-be-a-speculative-currency-like-bitcoin/ Read more]]>

PBoC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like BitcoinAccording to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied, […]

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