Baidu Xuperchain is a “blockchain basic service” for small- to medium-size businesses that want to quickly and easily deploy DApps and use smart contracts. It also supports President Xi Jinping's October call to make China the world leader in blockchain.
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China pilots state-issued digital currency
Despite that, a real central bank digital currency could be a long way off, a Chinese publication reported; Huawei deeply involved
China announced plans to launch real-world test of a central bank digital currency on Dec. 9. But an actual central bank digital currency is probably not coming very soon, the article said.
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The French Army couldn't beat China in the Tonkin War of 1884-5. Can it beat China's central bank to a to a digital currency in 2020? (via Banque de France)France: 2020 national digital currency bridge to e-euro
François Villeroy de Galhau appoints Nathalie Aufauvre to build a French national digital currency leading to an e-euro
Banque de France Governor François Villeroy de Galhau is planning to test a central bank-issued digital currency by 2020 to do it. Along the way, he’s making a play for French leadership of the European economy.
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Fed Chairman Jerome Powell: Central bank digital currency? We don't need no stinkin' central bank digital currency! (via Federal Reserve Bank).Fed Chairman Powell calls U.S. central bank digital currency pointless
America’s chief central banker told two congressmen that the problems a CBDC could solve are largely limited to poorer developing countries.
Federal Reserve Chairman Jerome Powell poured cold water on the idea of a United States-issued central bank digital currency happening anytime soon. Responding to two Congressmen, Powell wrote, “it is not yet clear what additional value a general purpose CBDC could provide in the U.S.”
