The PBOC, the Central Bank of China, has launched pilot versions of its digital yuan wallet application e-CNY for both Android and iOS as the country’s central bank steps up its push to develop its own digital currency.
By Andrew Senior
January 4th, 2021
In November of 2021, PBOC Governor Yi Gang said that,
“China would continue to advance the development of its central bank digital currency and improve its design and usage, including increasing its interoperability with existing payment tools.”
Rumors have swirled regarding China’s stance on Bitcoin ever since the country started taking steps to ban crypto mining and trading last year. Now, with the push to release their e-CNY digital wallets, it seems we are getting closer and closer to China rolling out their own digital currency.
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