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 build centralized crypto coin

Cover image via U.Today

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 is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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