China's central bank has rejected reports of legal issuance of digital currencies
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China has been in the spotlight since reports reveal that it is preparing to launch its digital currency and push ahead with the development of blockchain technology. Besides, there are also rumors that this country will issue its own digital currency. But the People's Bank of China has now clarified this topic, making it clear that it does not issue any digital currencies and does not allow any exchanges to trade them.
The People's Bank of China does not issue legal digital currencies (DC / EP) and does not allow any asset trading platform to make transactions. The People's Bank of China has been researching legal cryptocurrencies since 2014 and is still in the research and testing process. Market transactions, "DC / EP" or "DCEP" is a completely incorrect name, illegally placed, and the timing of the issuance of a legal digital currency is incorrect.
In the latter part of the announcement, the central bank warned the public against "so-called legal digital currency issuance," individual organizations launching so-called "DC / EP" or "DCEP" borrows the name of the People's Bank of China.
Over the past few days, announcements regarding the plan to launch a Chinese digital currency have been rampant on news sites, forcing the People's Bank of China to speak up and make clear. warnings.
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