People’s Bank of China: “we are still testing our own digital currency»

People’s Bank of China: “we are still testing our own digital currency»

The people’s Bank of China (PBOC) has officially stated that it is “still in the process of researching and testing” the digital yuan.

According to the country’s Central Bank, reports that the NBK has already issued its own digital currency are “fraudulent”.

“The people’s Bank of China has not issued its own digital currency and has not authorized any asset trading platform to conduct transactions,” the statement said.

The Central Bank also said that the schedule for the release of the digital currency, which was published by some news agencies, is “inaccurate”. The NBK did not provide any details about the launch date of the digital yuan, and stressed that any such statements on behalf of the Central Bank may constitute “fraudulent or pyramid schemes”.

Recently, the head Of the Institute for digital currency research at the NBK Mu Changchun (Mu Changchun) said that the state cryptocurrency will provide “controlled anonymity of transactions”. Earlier, the official claimed that holders of the digital yuan will not receive interest, and in August, Changchun said that the NBK’s digital currency is ready to launch.

This month, the digital currency Institute of the People’s Bank of China and Huawei, one of the largest telecommunications companies, signed a partnership agreement to conduct research in the field of financial technologies.

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