2019-09-11 03:31:05

China at the forefront of central bank digital currencies, Circle CEO

Up until now China has been the only country to take an incremental approach towards central bank digital currencies (CBDCs), states the Chairman and CEO of Circle, Jeremy Allaire. In his recent interview with Phoenix Chinese News on Sep 09, Allaire expressed he is convinced that so far, only China has made progress in conducting substantial research and development on CBDCs. The People’s Bank of China (PBoC), according to him, has made significant advancements when it comes to launching its own digital currency and that there is no one else so far, who has achieved as much as this nation.

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