RATE Group | Is China’s National Cryptocurrency The Beginning Of A New Financial Era?
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Is China’s National Cryptocurrency The Beginning Of A New Financial Era?

24 Apr Is China’s National Cryptocurrency The Beginning Of A New Financial Era?

Posted at 20:11h in Cryptocurrency News by

Short Insights

  • China will establish a national blockchain platform called Blockchain Service Network on April 25, 2020, before the launch of its government-backed cryptocurrency.
  • In April 2020, the first version of the digital cryptocurrency’s screenshots popped up online.
  • China might gain a lot of advantages to be the first to establish a government-backed digital currency.
  • There is a likelihood that this can mark an entry into a new era where physical cash ends and the central bank cryptocurrencies begin.

China will establish a national blockchain platform called (BSN) Blockchain Service Network on April 25, 2020. This was brought to notice a few weeks ago. It is believed that this move is initiated before the launch of China’s government-backed cryptocurrency, DC/EP. And this initiative seems to be taken with much more seriousness than ever before. 

There are indications that the crypto-yuan will be launched shortly. The majority of the experts believe that this could…

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