New reports have shown that China is ramping up developments in the Fintech sector with its central bank filing 84 CBDC-related patents.
The Financial Times first reported that the central bank of China was given the go-ahead by the government to outperform existing CBDCs. China had first come into the fintech picture when the head of the central bank, as well as Xi Jinping, admitted that utilizing blockchain technology was the way to go.
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