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

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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).

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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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