China’s official digital currency ‘imminent’

( Global Times ) 08:09, December 10, 2019
Accelerated process aims to ‘guarantee financial sovereignty’
China’s central bank-backed digital currency could be imminent with Beijing ratcheting up efforts to roll out its Digital Currency Electronic Payment (DCEP) as it seeks to stay ahead of the competition among central banks around the world and help preserve financial sovereignty.
The People’s Bank of China (PBC), China’s central bank, is set to conduct trials of the digital currency in cities such as tech hub Shenzhen in South China’s Guangdong Province, according to a