Reportedly, the Chinese central bank digital currency (CBDC) will be launching sooner than expected, despite the COVID-19 outbreak.
The Chinese central bank has collaborated with many local firms like Huawei, Tencent and Alibaba to develop the currency.
The Chinese central bank digital currency (CBDC) was delayed indefinitely earlier due to the coronavirus outbreak. Now, however, as the nation is recovering slowly from the deadly virus, a Global Times report has said that the CBDC’s launch is closer than expected.
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