DCEP

Six government-backed banks in China are testing e-wallet services for the upcoming digital yuan, local outlet Sina News reported ealier this week. The country is the forerunner of Central Bank Digital Currencies (CBDC) and intends to launch its digital fiat before the 2022 Winter Olympics.Known officially as the Digital Currency, Electronic Payment (DCEP), the Chinese digital … [Read more...] about 6 Chinese banks are testing the upcoming digital yuan (DCEP)