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Chinese Govt. to Promote Digital Currency [DCEP] at Winter Olympics

While the west is busy with yield farming and worries over devaluation of US Dollar, the Chinese Govt. is strongly propagating their digital Renminbi. An announcement in the People’s Daily notes the plans  for expansion of the pilot program across China.  As reported ealier, the pilot program has begun in various regions in participation with top FinTech companies in China. The Governemnt there along with the PCoB is now looking to expand to almost all the provinces and municipalities. The pilot program for the digital remnimbi is about to see a major expansion in  central and western China. Translation of…

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