China to Launch their own Digital Currency Called "DCEP"

(Source: Exmoo)

Huang Qifan, vice chairman of CCIEE (China Center for International Economic Exchanges), He firmly holds that China’s central bank is close to developing its blockchain-based financial technology and will be the first in the world to officially roll out a usable digital currency.

Huang pointed out in his speech that in the current digital age, the payment and settlement methods between enterprises and countries need to be reshaped.

Huang spoke at the Inaugural Bund Financial Summit of 2019 in Shanghai where financial leaders across the world gathered between October 27 – 29 and discussed a wide variety of issues focused on financial inclusion, fintech and wealth management.

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