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

News
Thu, 10/11/2018 - 12:53
Yuri Molchan
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.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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, can be contacted at yuri.molchan@u.today.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy