China and programmable money – Part 1
Bloomberg reports that Hong Kong will trial China’s upcoming digital currency: In trials in Shenzhen, Suzhou, Xiong’an and Chengdu, the digital yuan has relied on banks for distribution. The People’s Bank of China gives out the tokens to state-run lenders, which transfer it to customers’ mobile wallets when, say, a municipality pays workers. However, this … Continue reading China and programmable money – Part 1
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