Research into China’s sovereign digital currency is delayed amid epidemic

A view of the PBC’s headquarters in Beijing Photo: cnsphotoChina’s research into its sovereign digital currency has been delayed from the first quarter due to the outbreak of the coronavirus, sources close to the matter told the Global Times. But the launch will probably go ahead as planned as the country’s central bank has the technological base, resources and abundant talent to catch up with the process, they noted. The pilot run of the Digital Currency Electronic Payment (DCEP) will be carried out as scheduled this year, although central bank officials are still discussing the application s…

Read More