The PBOC has been conducting extensive testing of their cryptocurrency and are set to launch prior to Libra. China’s central bank digital currency is known as CBDC, which is expected imminently. The People’s Bank of China are set to launch its government-backed digital currency, according to official sources. Chinese press, China Daily detailed that the central bank digital currency (CBDC) may have been influenced by the unveiling of Facebook’s planned cryptocurrency, Libra. The PBOC project that they could launch their cryptocurrency sooner than Libra, after prolonged trials for the currency. They have been conducting much testing across multiple approaches for the project. If things proceed smoothly, the PBoC expects it could launch the currency sooner than Libra. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD is a touch lower on the dovish FOMC minutes FX Street 4 years The PBOC has been conducting extensive testing of their cryptocurrency and are set to launch prior to Libra. China's central bank digital currency is known as CBDC, which is expected imminently. The People's Bank of China are set to launch its government-backed digital currency, according to official sources. Chinese press, China Daily detailed that the central bank digital currency (CBDC) may have been influenced by the unveiling of Facebook's planned cryptocurrency, Libra. The PBOC project that they could launch their cryptocurrency sooner than Libra, after prolonged trials for the currency. They have been conducting much testing across multiple… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
