Blockworks
2021-05-25 17:29:42

Experts: China’s CBDC is All About Finance Control

Efforts by the the People’s Bank of China to build a CBDC are to strengthen control over consumer finance and promote the RMB in Hong Kong and Macau, not take on the USD, said panelists during a discussion at the Consensus event.The post Experts: China’s CBDC is All About Finance Control appeared first on Blockworks.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer