China Invented Paper Money, Now It’s World’s 1st Country With Digital Currency

-AP China, which is regarded as one of the largest economies in the world has announced that it will be launching its own digital form of currency for its citizens.china digital yuan currency Reported first by Wall Street Journal, this novel digital currency called ‘digital yuan’ will be controlled entirely by the nation’s central bank. However, it showcases stark differences from Bitcoins and other forms of cryptocurrencies. Unlike Bitcoins, it will lack the anonymity and non-traceable nature. Instead, it’ll offer a transparent perspective of the economy to the nation. According…

Read More