A CBDC Crash Course: Can Sovereign-Focused Digital Currencies Become Monetary Reality
A CBDC Crash Course: Can Sovereign-Focused Digital Currencies Become Monetary Reality

China’s central banking system officially launched large-scale testing of what could be the world’s first digital sovereign currency. The People’s Bank of China, the nation’s central bank, is working with main banks in major cities, with a focus on digitizing the renminbi. During this trial, users register their mobile phone numbers for access to digital wallets. Through that access, they can use digital currency, issued by the central bank, to withdraw and transfer money, and to pay bills.Q2 2020 hedge fund letters, conferences and moreIf this test is successful, it means that China could be …

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HEDGE accordingly