Coco Feng: China leads dash for first sovereign digital currency

Coco Feng: China leads dash for first sovereign digital currency
editor_iot
4/01/2021 – 08:29

“China tested its sovereign digital currency, the Digital Currency Electronic Payment (DCEP), in four cities in 2020 – Suzhou, Xiongan, Shenzhen and Chengdu, as well as at sites for the 2022 Beijing Winter Olympics…Zou Chuanwei, chief economist at Chinese fintech firm Wanxiang Blockchain, said at a November event that if DCEP is used at the 2022 Winter Olympics it will serve some foreign users, heralding “the first step for DCEP to globalise”.”

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https://www.scmp.com/tech/big-tech/article/3116104/tech-remain-tug-war-between-china-and-us-2021-biden-seen-ropingIoT Council – What the Internet of Things means for societyRead More