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Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says

Published 04/18/2019, 09:05 PM
Updated 04/18/2019, 09:22 PM
Official Chinese Currency Renminbi to Become Cryptocurrency, Expert Says
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Donald Tapscott, executive chairman of the Blockchain Research Institute, stated that the official Chinese currency, the renminbi (RMB), will become a cryptocurrency, in an interview with Bloomberg on April 17.

In the interview, Tapscott revealed that he had recently been at a meeting with the vice-chairman of the Communist Party in China, who recalled that President Xi Jinping thinks that blockchain is one of the most important technologies for the future of the country.

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