It is a digital chinese currency for electronic payments. The president of the institution does not want to think about the new digital currency as a mechanism to get rich in a very short time.
After the harsh measures implemented by the Chinese government in relation to the commercialization of Bitcoin and other digital currencies in the country, the authorities of the People's Bank of China have issued statements that arouse much expectation among users of cryptocurrencies.
According to the president of the banking institution, Zhou Xiaochuan, in the institution it is believed that the physical money may stop circulating in the country, which led to the digitization of current money in circulation. country
However, what Xiaochuan announced was the creation of the new digital currency DCEP (abbreviations in English to refer to Digital Currency for Electronic Payments). The president of the People's Bank of China said they are trying to be captive as possible with the handling of information on this new initiative since they do not want to think of the new digital currency as a mechanism to get rich in a very short time.
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