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China’s DCEP Unlikely to Impact Crypto Markets in the Long-term, eToro Analyst Says

by CBDC Insider Staff
March 2, 2020
in Asia, Business
Reading Time: 1min read
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China’s DCEP Unlikely to Impact Crypto Markets in the Long-term, eToro Analyst Says
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China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week.

The 84 patents filed on Feb. 13 include proposals related to the supply and issuance of a central bank digital currencies (CBDC) as well as interbank settlements using the digital yuan and the integration of digital currency wallets into existing retail bank accounts, according to a recent report by the Financial Times.

Continue reading: https://www.coindesk.com/chinas-dcep-unlikely-to-impact-crypto-markets-in-the-long-term-etoro-analyst-says

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