Warning: Illegal string offset 'symbol' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 114

Warning: Illegal string offset 'name' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 115

Warning: Illegal string offset 'price_btc' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Illegal string offset 'price_btc' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Division by zero in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 117

Warning: Illegal string offset 'rank' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 130

Warning: Illegal string offset 'market_cap_usd' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'market_cap_usd' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'percent_change_1h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_1h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_24h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_24h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_7d' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'percent_change_7d' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'available_supply' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 137

Warning: Illegal string offset 'max_supply' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 138

Warning: Illegal string offset 'symbol' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 114

Warning: Illegal string offset 'name' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 115

Warning: Illegal string offset 'price_btc' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Illegal string offset 'price_btc' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 116

Warning: Division by zero in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 117

Warning: Illegal string offset 'rank' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 130

Warning: Illegal string offset 'market_cap_usd' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'market_cap_usd' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 132

Warning: Illegal string offset 'percent_change_1h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_1h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 134

Warning: Illegal string offset 'percent_change_24h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_24h' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 135

Warning: Illegal string offset 'percent_change_7d' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'percent_change_7d' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 136

Warning: Illegal string offset 'available_supply' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 137

Warning: Illegal string offset 'max_supply' in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php on line 138

Warning: Cannot modify header information - headers already sent by (output started at /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/plugins/virtual_coin_widgets/includes/data.php:114) in /srv/users/serverpilot/apps/bitcoincenternyc/public/wp-content/themes/crypterio/inc/extras.php on line 1135
People's Bank of China To Launch Own Digital Currency - Bitcoin Center NYC

People’s Bank of China To Launch Own Digital Currency

Summary: The People’s Bank of China, China’s Central Bank, released a statement on January 20th, 2016 that they are looking into the possibility of launching their own digital currency. A meeting was held, attended by the governor and deputy governor of the PBOC and “currency experts” from Deloitte and Citibank. According to the statement, the meeting was ‘overall positive towards the idea of a digital currency.’

A digital currency is attractive because it would lower the costs of printing physical notes, allow for greater tracking and control of the movement of money, as well as make transfer and settlement of funds faster and more efficient.

Bitcoin and other cryptocurrencies were not specifically mentioned in the statement.

You can access the actual statement (in Chinese) from PBOC here and an English version (via Google Translate) is available here.

Article Source: Cointelegraph | Image Source: PBOC