People’s Bank of China may be ready with the issuance of its state-backed digital asset, and even take some of the leading Chinese businesses on board, such as Tencent and Alibaba (NYSE:BABA), reported Forbes.
The report is based on the testimony of a former employee of PBoC, Paul Schulte. He stated that the bank may extend its digital asset to Commercial Bank of China and Bank of China, two of the largest local commercial bank.
However, media close to the government state that the report is an exaggeration and the cen...