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Chi­nese Cen­tral Bank has Com­pleted Back­end Ar­chi­tec­ture for Statu­tory Dig­i­tal Cur­rency

by CBDC Insider Staff
June 22, 2020
in Asia, Business
Reading Time: 1min read
0
Chi­nese Cen­tral Bank has Com­pleted Back­end Ar­chi­tec­ture for Statu­tory Dig­i­tal Cur­rency
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A lead­ing fig­ure in the Chi­nese fi­nan­cial es­tab­lish­ment has re­vealed that the Peo­ple’s Bank of China (PBOC) has al­ready fin­ished de­vel­op­ment of the back­end ar­chi­tec­ture for its Cen­tral Bank Dig­i­tal Cur­rency (CBDC) (Dig­i­tal Cur­rency/ Elec­tronic Pay­ments).
“The es­tab­lish­ment of the back­end ar­chi­tec­ture for DC/​EP is al­ready com­plete,” said Wang Zhong­min (王忠民), for­merly the vice-chair of the Na­tional Coun­cil for So­cial Se­cu­rity Fund, on 20 June at the 2020 Fin­tech Fo­rum held by the Ten­cent Fin­tech Re­search In­sti­tute and the Fin­tech 50 Fo­rum.

Continue read: http://www.chinabankingnews.com/2020/06/22/chinese-central-bank-has-completed-backend-architecture-for-statutory-digital-currency/

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