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18 January 2021

Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO

Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO

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So says Sky Guo, CEO of Cypherium — an enterprise blockchain platform that has partnered with a number of Chinese cities and has worked with projected central bank digital currencies.

However, Guo did say that the Chinese central bank could delegate more of this responsibility to commercial banks, as it plans to do with distribution

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cointelegraph.com

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finance investing currencies & foreign exchange

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blockchain cfwh-fm stablecoin digital currency renminbi people's bank of china
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