Bank of China Seeks Experts to Create Its Own State-Backed Coin

The People’s Bank of China is currently looking for skilled employees in various areas such as DLT development, cryptography, etc., to build centralized crypto coin

Thu, 11/10/2018 - 12:53

Bank of China Seeks Experts to Create Its Own State-Backed Coin

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The People’s Bank of China is currently looking for skilled employees in various areas such as DLT development, cryptography, etc., to make a team for building a centralized crypto coin – CBDC (Central bank digital currency).

Judging by the job descriptions published, the coin is going to be linked to the fiat currency – yuan. Besides, the bank is also looking to hire a legal team to study all aspects and consequences of a potential launch of such a coin.

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About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.