Representatives of the People's Bank of China (PBOC) said that the development of the digital currency is "at the highest level"completed. It is reported by The Block with reference to Sina Finance.
According to the local publication, the regulatorpublished a document stating that the phase of "high-level development, standard wording, functional research and development" is completed.
Mu Changchun, Head of the NBK Payment and Settlement Decisions Division, noted that the next steps will be related to ensuring stability, security and control.
Last week, central bank officials said the digital currency development process is "going smoothly."
“We will continue to steadily move forward in the development of legal digital currencies in 2020”- said then in the NSC.
Recall that from January 1, 2020, a law came into force in China that standardized cryptographic applications and the process of managing public / private keys.
Read this:
Germany stands for creating digital currency in Europe
Demand for shares of Chinese fintech companies is growing in anticipation of the launch of the national digital currency
Central Bank of China is testing the launch of its digital currency
Central Bank of China: no launch date for digital currency
The People’s Bank of China will test its own digital currency in two cities !!! The train started !!
Ghana will digitize the national currency