Digital Currency Electronic Payment, or DCEP, is a new and innovative digital payment version of China’s fiat currency – the Renminbi (RMB) – that the Chinese government is rolling out throughout the country.
Read moreWhat is China’s official cryptocurrency?
The digital yuan or e-CNY is a digital version of China’s sovereign currency and has been in the works since 2014. It is not a cryptocurrency like bitcoin but is instead issued and controlled by the People’s Bank of China.
Read moreDoes DCEP use blockchain?
Digital currencies use blockchain as well , but they operate with a centralised authority and require user identification. The DCEP features “controllable anonymity” that is tracked and requires users to download and register to an app on their smartphone.8 Eyl 2021
Read moreIs China about to launch its own cryptocurrency?
The PBOC plans an official launch of the digital yuan as soon as 2022 , following testing at the Winter Olympics. China plans to revise its laws to add it as legal tender and ban private-sector issuance of digital currencies, whose proliferation poses an oversight challenge for regulators.
Read moreWhat is DEAP coin?
About DEAPcoin The DEA Project is a blockchain-based multimedia digital entertainment platform featuring digital arts, games, and various other forms of entertainment . Their utility token, DEAPcoin was minted on 29/08/2019.
Read moreWhere can I buy DCEP?
How to buy DCEP? Currently DCEP is only available to other banks working with the People’s Bank of China . This will eventually open up to the general public in 2020. There are currently no cryptocurrency exchanges that trade DCEP.
Read moreCan I buy digital yuan?
To get started investing in digital Yuan, you’ll need to buy some ECNY on an exchange . You can sell, swap, or keep the digital currency until you have it. Many buyers keep their ECNY in the hopes that it will appreciate in value. There are several platforms available for purchasing or exchanging Digital Yuan (ECNY).
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