Bitcoin
$ 55,024
Ethereum
$ 2,158.2
Litecoin
$ 249.31
okex ads

Chinese Monetary Body Calls Reports of Digital Currency Launch “Inaccurate”

China’s central bank, The People’s Bank of China (PBoC), has released a statement saying that it is “still in the process of research and testing” its digital yuan.

Join the fastest growing network on Telegram

Announcing the news on Wednesday, the PBoC said that news reports stating that the central bank has issued its digital currency are fraudulent.. The announcement states that “The People’s Bank of China has not issued legal digital currency (DC/EP) and has not authorized any asset trading platform to conduct transactions”.

The statement by the central bank came as a result of some news outlets falsely issuing a timetable for the launch, which are “inaccurate,” says the central bank. “The market transactions ‘DC/EP’ or ‘DCEP’ are illegally set digital currency, and the legal digital currency issuance time is inaccurate.”

The PBoC did not provide any details on a launch date or schedule, and said that any launch announcements in the name of the central bank may involve “fraud and pyramid schemes.”

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

P2P Crypto Marketplace, Bitzlato (BZ), Partners with Lemonade Finance, to Ease Money Transfers Across Africa
April 20, 2021By
TIME MAGAZINE IN CRYPTO SPACE, ACCEPT CRYPTOCURRENCIES FOR DIGITAL SUBSCRIPTION
April 20, 2021By
SEC to distribute $175,000 to ParagonCoin ICO scam victims
April 20, 2021By

Advertisement

Video Posts

In
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210
In
Tech Adoption For Small Business
April 6, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,024 1.99 % 0.27 % 8.16 %
Ethereum2,158.2 2.03 % 1.03 % 0.73 %
Binance Coin523.20 2.49 % 7.44 % 12.59 %
Tether0.9911 0.36 % 0.19 % 0.96 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.180 1.96 % 0.70 % 10.28 %
XRP1.310 1.08 % 0.89 % 10.63 %
Uniswap29.68 2.75 % 1.17 % 19.21 %
Litecoin249.31 3.20 % 3.01 % 1.87 %
Chainlink36.04 3.21 % 0.89 % 8.59 %