A report by Beloit Bulletin reveals that the People’s Bank of China (PBoC) is initiating research in Shenzhen to lead the Chinese national digital currency dream. The objective is to initiate crypto-currency as a viable currency in China and developing regions like Hong-Kong and Macau. Shenzhen, which is referred to as the Silicon Valley of China, will accommodate research to formulate ideas for the utility of digital payments via blockchain technology. One of the major incentives of this project is the Guangdong Province’s development and prosperity while simultaneously protecting the socialist essence of China. Rumors have informed how PBoC has
