China’s Central Bank Weighing Blockchain Tech for Digital Currency

The head of the People’s Bank of China (PBOC) opened up about its proposed digital currency initiative in a new interview with Caixin Weekly today, suggesting that the Chinese central bank is considering options that do not use blockchain technologies in its development.

Speaking to the news source, governor Zhou Xiaochuan said that the PBOC is considering mobile payments, cloud computation, secure chip and blockchain tech as means to create and operate an electronic cash network.

Source: CoinDesk

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