Within the past few months, a centralized digital dollar has been brought up by major nations such as China, the United States and Europe. When Facebook introduced their Libra coin, it caused fear in many governing bodies that their powers could be taken away from them, because of the reach and efficiency of digital currencies.
According to a video shared by Block Journal on Twitter, China announced plans to launch a digital currency. 🇨🇳 BREAKING: China to launch digital currency “DCEP” According to this video (to be confirmed), Chinese Central Bank will launch digital currency called DCEP. To be tested and onboarded with commercial banks first. More on this story