China is on a fast sprint to incorporate blockchain and cryptocurrency in its infrastructure. Preceding President Xi’s Blockchain Adoption speech, many new evolvements have occurred in the crypto space. Further, The latest update is that China will roll out its digital currency – digital Yuan by May 2020 said a local investor. Edith Yeung of Proof of Capital says the Chinese government will “definitely” deploy the currency in the next six to 12 months.
China’s virtual currency will be a digital manifestation of the national currency Yuan. Earlier, China had declared the plans to launch a digital national currency, Yuan.
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China’s Digital Yuan Will ‘Definitely’ See the Light Coming May
Edith Yeung of Proof of Capital says China will “definitely” deploy the digital Yuan in the next six to 12 months, expect it to roll out after May