Continued moves by China to integrate this technology.
China Rolls Out Pilot Test of Digital Currency
The Wall Street Journal
Jonathan Cheng; Grace Zhu
The People's Bank of China has rolled out a digital currency across four cities—Shenzhen, Suzhou, Chengdu, and Xiong'an—in a pilot program. The cryptocurrency, presently designated digital currency/electronic payment (DC/EP), has features in common with bitcoin and Facebook's Libra cryptocurrency. China's central bankers said DC/EP is designed to replace some of the country's cash in circulation, while bank deposits and balances held by privately run payment platforms will remain intact. The government instructed civil servants in Suzhou's Xiangcheng district to begin installing an app on their smartphones this month into which the cryptocurrency would be transferred, covering half their transport subsidy. China's central bank has said transitioning to a government-run digital payment system will help counter money laundering, gambling, and terror financing, and improve the transaction efficiency of China’s financial system. ... "
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