Quote from: cheezcarls on November 13, 2019, 06:51:36 PM

The Peoples Bank of China (PBOC) is the first major central bank to hint at issuing its own digital currency. Consumers fear an end to the anonymity of cash, but officials say that their goal is controllable anonymity.

Based on data from patents that have already been filed, Chinese businesses and citizens would download digital wallets which can be replenished from bank branches and then used to make digital cash payments.

Read the full news here

I don't know what are you going to say about this guys regarding "controllable anonymity". Do you think it's a good thing for Chinese consumers? As China is pushing to invest big time on blockchain by 2023, along with removing the "cryptocurrency mining" ban and circulating a Bitcoin article to their citizens, I think it's a good sign.

I strongly believe that Bitcoin and other cryptocurrencies would be massively adopted much faster as China is back in the game as one of the biggest crypto players around the corner.

I highly doubt that the Bank of China will introduce its own crypto coin. I think they are interested in introducing blockchain technology into their system rather than creating their own digital currency. China already has a digital payment system which looks to be working perfectly with less issues. Introducing blockchain technology to their already existing digital payment system will further address the challenges seen in the system. China is rather interested in blockchain technology rather than developing their own digital coin. I think you do further research and analysis before making some assumptions.