All posts tagged: CBDC

China’s digital currency

Leave a comment
Blockchain / digital currency / Finance

Well, that’s an interesting turn of events. China’s central bank, the People’s Bank of China (PBoC), revealed that its central bank digital currency (CBDC) “can now be said to be ready“. The new CBDC will not be available to the public and will not compete with commercial bank deposits. It will be used by the PBoC and commercial banks for settlement of transactions. This may increase transparency of the Chinese banking system and create some […]