China’s central bank says crypto gave impetus to the creation of its CBDC

[Dato]

China’s central bank says crypto gave impetus to the creation of its CBDC



<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvY2RlNTU2OTItMjFjNC00MWYwLWEyZDQtNGNkYmEwNjA1NDg1LmpwZw==.jpg"></p><p>A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability.</p>



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