China has spent five years preparing to launch the digital yuan, which might happen in a matter of months. But bankers and financial industry professionals surveyed at an industry conference in October still believe the United States will be the first to create a global digital currency.
Binance: Official Chinese stablecoin close
Global influence is a goal of the People’s Bank of China cryptocurrency; Binance will work closely with regulators on its Venus stablecoin
Top cryptocurrency exchange Binance released its own predictions about China’s forthcoming stablecoin.
China ready to launch central bank cryptocurrency
Facebook loses out to Chinese tech giants Alibaba and Tencent, which will join major banks in distributing the new digital asset
Forbes’ Michael del Castillo reported on August 27 that the national bank’s digital currency will be a permissioned blockchain controlled by the central bank, and is intended to replace the bills and coins used in daily transactions rather than the renminbi itself.
