The chat content previously spread in WeChat shows: “Someone sold a house in Shenzhen, the bank offered large transfer to the seller with digital currency, and they cannot be changed into banknotes. It is to buy the house using ordinary currency transactions, selling the house would get you digital currency.”
CCTV previously reported that China’s legal digital currency is a combination of digital currency and electronic payment instruments from the People’s Bank of China, with the goal of replacing some of the cash.
Continue read: https://cntechpost.com/2020/08/24/chinas-central-bank-denies-digital-rmb-used-in-property-transactions/
