Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Central Bank of China called “speculation” messages on the launch of digital currency in November

    Central Bank of China called “speculation” messages on the launch of digital currency in November

    0
    By BlockchainJournal on September 23, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The People's Bank of China (PBoC) has denied media reports about the launch of the national digital currency in November and the participating organizations. This is written by the Global Times .

    In August, information appeared that the launch of the digital currency of the Central Bank (CBDC) of China will occur no later than November 11. It was also reported that seven organizations will receive the exclusive right to distribute national digital currency: four of the country's largest commercial banks, two financial and technology companies Alibaba and Tencent, as well as the Union of Chinese Banking Association, which manages the national payment system.

    In a statement posted on a China-based anti-rumor platform, PBoC described the CBDC launch dates and participating organizations as “inaccurate speculation.”

    The Central Bank of China noted that CBDC differs from Bitcoin and other existing cryptocurrencies in that it is managed centrally, secured by state reserves and is a legal means of payment. The national digital currency will not replace the yuan, but will be its electronic version.

    Recall that earlier, the former head of the Chinese central bank Zhou Xiaochuan called for accelerating the development of the digital renminbi, pointing out the threat from Facebook's Libra, while Huawei founder Ren Zhengfei said that China should release its own analogue of the social media currency.

    Follow BlockchainJournal on Twitter !

    << aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

    BlockchainJournal.news

    BlockchainJournal.news

    Bitcoin Featured Libra Twitter
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Hyperliquid’s USDH stablecoin call sparks fairness and governance debate

    September 5, 20253 Mins Read

    SharpLink to explore staking part of its $3.6 billion ETH treasury on Linea

    September 5, 20253 Mins Read

    Strategy Inc.’s path to the S&P 500 faces committee discretion, extreme volatility, and Bitcoin-dependent results

    September 5, 20253 Mins Read

    Coinbase accelerates toward a majority of AI-generated code amid a global trend

    September 5, 20253 Mins Read

    World Liberty Financial Blocks Justin Sun’s Wallet Amid WLFI Controversy

    September 5, 20253 Mins Read

    SEC bets on a pro-crypto agenda with a series of rulemakings on digital assets

    September 5, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.