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Crypto development

Holders of the Digital Yuan Will Not Be Paid Interest



China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank pulled the curtain back slightly this week.

Also read: Turkey Becomes the Latest Nation to Work on Digital Fiat

China’s Semi-Blockchain Based Currency to Start a ‘Horse Race’

Beijing’s Digital Currency Electronic Payment (DCEP) project, which will be similar to Facebook’s Libra as Chinese officials have previously indicated, will only partially employ ...

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