RATE Group | China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor
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China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor

01 Dec China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor

Posted at 07:38h in Cryptocurrency News by

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China will “definitely” deploy its new digital currency within the next six months to a year, a local blockchain investor has said.

Speaking to CNBC on Nov. 20, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, appeared convinced about the digital currency’s imminent arrival.

Cheung: rollout could come in May 2020

“I think definitely within the next six to twelve months,” she told the network about a launch time frame. 

China has revealed it has been developing the virtual yuan for several years, but senior government officials have so far declined to state when it could become a reality. 

For Cheung, however, foreign powers should already be prepared to respond, as China looks to become the first country worldwide to issue a digital incarnation of its national currency. 

“I really think the United States needs to hurry up; to have a strong thinking and policy, at least a direction for virtual USD,” she continued.

Earlier this month,…

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