Ethereum co-founder says China’s digital currency lacks decentralization

• China’s CBDC, its digital currency, is not believed to be decentralized.
• The Ethereum co-founder Joseph Lubin made the comments recently in an interview with CNBC.  

China’s anticipated digital currency CBDC, which is set to be released by the PBOC, is said to lack decentralization according to Joseph Lubin, Ethereum co-founder.

Lubin said in an interview with CNBC:

China is probably not interested in that aspect of blockchain technology. They, I believe, will bring a digital RMB to China that makes use of some of the elements, some of the primitives, say cryptographic primitives of blockchain technology. But there is no real reason for China to make use of decentralizing aspects of blockchain technology.