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China's central bank says crypto gave impetus to the creation of its CBDC

China's central bank says crypto gave impetus to the creation of its CBDC


CoinTelegraph
2021-07-16 09:44:19

A working paper released in English by the People's Bank of China cites cryptocurrencies as an important context for the digital yuan's development and reveals that the digital currency will use smart contracts to allow for programmability.


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