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Investor predicts China can launch its own digital currency

Published On 18 Nov 2019 11:21 AM


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The managing partner of an investment firm backed by the Foxconn Technology Group projected that China could start rolling out its digital currency as early as the next two to three months.

According to Jack Lee, managing partner of HCM Capital, China has developed a framework called the Digital Currency Electronic Payment or DCEP. That would allow Alipay and WeChat Pay to issue a digital currency, he explained, to commercial banks a....


Tags : digital currency , trading, HCM Capital, ,
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