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China’s central bank says it has completed ‘top-level’ design of digital currency

The People’s Bank of China (PBoC), the country’s central bank, has said that the “top-level” design of its digital currency is complete. This was reported by the Chinese news site JRJ.com. The next steps are to ensure that the principles of control, security and, above all, safety are adhered to, said Mu Changchun, head of the PBoC’s Digital Currency Research Institute.
The central bank announced last week that the launch date of its currency is not yet known, however. Nevertheless, the bank will continue to push the development of legal digital currencies in 2020.

Source: The Block:
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