Chinese central bank ready to issue crypto currency, report

The US journal "Forbes" revealed in a recent report that China's central bank, "People's Bank of China", has completed preparations for the issuance of a state-run crypto currency, while this crypto currency is likely 11. Launching November, which is also the busiest day for online shopping in China. According to reports, the distribution of this crypto currency has been entrusted to the commercial banks of China as well as major e-commerce companies such as 'Alibaba' and 'Tencent' so that the crypto currency is effectively a part of the Chinese economy. Can be made. It should be noted that for the past several years in China, there has been a legal ban on crypto currency, under which no one can trade in crypto currency, nor can any cryptocurrency manufacture. In this regard, many people have been arrested in the crypto currency business while some companies have been closed on the basis of their relation to crypto currency trading. In this case, the news of China's issuance of state-run crypto currency is very important and meaningful, indicating that perhaps the Chinese government has revised its official policy on crypto currency to strengthen its economy. To continue the process in a smooth manner. Remember that on June 18 this year, Facebook also announced the issuance of a crypto currency called "Libra" which will be available to the public by 2020 and which is provided by the "electronic wallet" provided by Facebook. E-vault). Facebook will receive support from companies like Uber, Spotify, PayPal, Visa and MasterCard to promote Libra Following the Facebook messaging app "Telegram", the company is also preparing to launch its crypto currency, which is expected to be released on October 31, 2019, just two months from today. In a recent tweet regarding the People's Bank of China, the Chinese state-run newspaper "Global Times" denied the news: In this tweet, global media-driven news about Chinese crypto currency has been described as "inaccurate assumptions". On the other hand, experts looking at crypto currency issues say that the Chinese government has been seriously working on the crypto currency for the past few months and is fully prepared to issue its official crypto currency.