Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.

Communist Party of China’s guide to digital currency gets a reprint

A reference textbook for members of China’s Communist party, titled “Digital Currency: A Reader for Cadres,” has entered its second printing, according to Bloomberg. 

The book, 200 pages long, is an “important learning reference” for government officials, according to a listing on Dangdang. “Digital currency is inevitable in the course of history,” reads a blurb, according to Bloomberg.

DCEP is almost here
China’s state digital currency nearly ready, says central bank
China’s central bank has issued a paper stating it has completed much of the development for its new digital currency, reported local news outlet JRJ.  The report said that the bank has finish...
Robert Stevens
Jan 10, 2020

2 min read

The book comprises a series of articles written by senior experts: the Deputy Governor of the People’s Bank of China, the General Manager of China’s securities commission, and the Director of the Digital Finance Research Center at the elite Peking University, are among authors. 

Bloomberg’s report follows a flurry of activity surrounding China’s upcoming digital currency, known as DCEP. China’s central bank announced last week that it has completed a large amount of its development, according to Chinese media outlet JRJ. The government will trial it in Shenzhen and Suzhou, reported Caijing.

Officials haven’t had long to school themselves on the merits of blockchain and digital currency: President Xi Jinping only publicly endorsed the industry in October 2019—right around the same time that the first printing of this book was first launched.