The People’s Bank of China announced that it has completed the rectification of digital currency transactions and transferred it to routine supervision.
China’s President Xi Jinping has called on G20 leaders to lay the groundwork for central bank digital currencies adoption by developing standards and principles.
Xi Jinping’s pro-blockchain stance has played a big part in China’s move to become a global blockchain hub.
It is beginning to look more evident that China has big plans for a digital future and there are signs that it will be more amenable to blockchain and digital currency.
Led by its Chairman Xi Jinping, China is all in on blockchain as Bahamas explores CBDC. Regulators are also stepping up their game as blockchain makes its mark
China’s president, Xi Jinping is now calling for an acceleration of adoption and expects a huge wave of activity taking place over the next couple of years.