One of the most controversial topics in the criptomercado, given that stirs concerns for some, are the cryptocurrencies launched by the Central Banks of the countries, called CBDC. One of these concerned countries is China, developed by its Central Bank, PBoC. Today we will follow up the project of its digital currency. According to a report by a local media, China Daily, the developers of the currency began the “test circuit closed” for the digital currency of the central bank, simulating payment scenarios that involve “some commercial institutions and non-governmental”. Forbes reported last week that the four major commercial banks state-owned China, being Bank of China, Bank of Construction of China, Agricultural Bank of China and the Industrial and Commercial Bank of China, as well as the giants fintech Alibaba, Tencent, Union Pay, and a company not identified, will be the first group of organizations to receive the digital currency, working as pioneers of the token, testing the acceptance that would have the same. In addition, Forbes reported that estimated a release in November. In addition, it should be remembered that at the time of the launch of a CBDC can’t offer at the regional level, given that they do not know a priori the impact it could have, so we must resort to testing temporary. The publication chinese state-owned Global Times said last week, citing industry sources familiar with the matter, that the system could be launched in Shenzhen first to test the waters. There, local companies, including Tencent and financial institutions state, are investigating technical frameworks to support the development of the CBDC. The Research Laboratory of Digital Currency to the PBoC launched previously an entity called Research Institute Fintech Shenzhen with the local government and the financial regulator of Shenzhen to carry out projects related to digital technology and financial technology. The institute has also been on a spree of hiring with job ads in search of several technical experts, including architects blockchain and specialists in cryptography with headquarters in Shenzhen and Beijing. The Research Laboratory of Digital Currencies the PBoC has filed more than 50 patent applications to outline the potential design of the yuan digital backed by the state. We must remember that in his time it was said that China created this criptomoneda to challenge what they called its opposite nature, the criptomoneda born private industry, a Pound of Facebook. The following two tabs change content below. I am a student of economics, interested in innovation and technological development, always faithful to that tomorrow will be a better day.
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