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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
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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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