New study sheds light on China’s digital currency ambitions

China’s central bank has filed 84 patents related to its planned fiat digital currency, according to a recent report by the Chamber of Digital Commerce, offering glimpses of how it plans to integrate the money into the country’s existing banking system.Why it matters:Countries around the world are stepping up their own efforts to develop central bank digital currencies as fears of China’s rising influencecontinue to grow.People’s Bank of China is widely regarded as a frontrunner in the global race to roll out digital money.However, the People’s Bank of China (PBOC), the country’s central bank,…

Read More