China Is Developing its Own Digital Currency

China’s central bank is going digital. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking it a step closer to becoming one of the first major central banks to issue digital money that can be used for anything from buying noodles to…

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As Bitcoin Surges To Record High, China Prepares Its Own Digital Currency

Bitcoin hit an all-time high over $1200 today.Traders are happy because the SEC is expected to rule on a Bitcoin ETF by March 11.Meanwhile, Bloomberg reports China Is Developing its Own Digital Currency. After assembling a research team in 2014, the People’s Bank of China has done trial runs of its prototype cryptocurrency. That’s taking…

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