Binance Issues Report On PBoC's Digital Currency

Binance Issues Report On PBoC's Digital Currency
фото показано с : ethnews.com

2019-8-30 23:45

A research report from crypto exchange Binance has claimed that the digital currency being developed by the People's Bank of China (PBoC) will be backed one-to-one by fiat, replace notes and coins in circulation, and operate on a two-tiered system.

The first tier will connect the PBoC's digital currency with commercial banks for currency issuance and redemption, and the second tier will connect it with individuals and businesses.

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