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PBoC to collaborate with Ant and Tencent to develop China digital currency

PBoC to collaborate with Ant and Tencent to develop China digital currency

Ant Group and Tencent have vowed to provide active support to the rollout of the country’s digital currency Ant Group for the first time disclosed a detailed timeline of its work on China’s digital currency The digital yuan will coexist with hard currency for a long time and there will be no competition with the dual payments platforms Earlier last month, the People’s Bank of China (PBoC) instructed Ant Group to restructure its operations after a regulatory clampdown.








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