The People’s Bank of China (NBK) representatives officially confirmed the end of the main phase of developing their own cryptocurrency.
The regional magazine Sina Finance informs us the fact that the state’s chief monetary regulator has released an formal doc saying that “the development is definitely at an advanced level, the groundwork of common preparations, practical analysis plus progression is finished.”
The NSC says that further work will be related to ensuring security, stability and control of the new system. Recall that literally last week they announced that the development of their own cryptocurrency was going on as normal. The final product should be launched this year. As for other digital currencies, the official policy of the PRC remains unchanged.