Market Cap
24h Vol
7051
Cryptocurrencies
76544
Markets
2019-08-19

China Digital Currency in Shenzen

The Central Committee of the Communist Party of China outlined plans for the future development of the Special Economic Zone in Shenzhen, including research and promotion of digital funds and the national cryptographic currency based on renminbi.

The Chinese People's Bank has already stated that its digital currency "can now be considered ready". 

Nevertheless, as explained in a special supplementary article, it will be powered by a two-step operating system that will not be fully decentralised. Thus, according to various analyses, it cannot be called a real cryptographic currency.

Meanwhile, while political conflicts continue in China, Hong Kong is paying higher prices for Bitcoin (BTC).