news

bitcoin

1 X bitcoin bitcoin =

Monday

26 July 2021

China’s e-CNY White Paper Criticizes Bitcoin; Reveals CBDC Project Uses Smart Contract

China’s e-CNY White Paper Criticizes Bitcoin; Reveals CBDC Project Uses Smart Contract


smart summary beta

China’s e-CNY White Paper Criticizes Bitcoin; Reveals CBDC Project Uses Smart Contract.

The People’s Bank of China (PBOC), China’s central bank, has published a white paper on its upcoming central bank digital currency (CBDC), otherwise known as the digital yuan or e-CNY.  Notably, the document revealed that the project utilizes smart contract features for programmability.

Following the establishment of a Digital Currency Institute in 2017 by the Chinese central bank, the PBOC began testing the digital fiat currency in collaboration with commercial banks towards the end of 2017. 

However, China’s accelerated digital yuan efforts have caused concerns both within and outside China, with some commentators stating that the e-CNY is used by the government to trace users’ transactions

Goto Full Article

bitcoin bitcoin price

$38387.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Image

BTC gains 15% in 3 hours amid tight squeeze
published: 1 hour ago
A sharp squeeze has seen Bitcoin quickly rally to test $40,000 for the first time in roughly six weeks, reclaiming its 50-day moving average in the process.

sentiment (-0.1) Negative

Article Metadata

author

site

btcmanager.com
Market data feeds provided by cryptocompare.com
bitsmart 2021