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China’s blockchain mission BSN to pilot world CBDC system in 2021 By Cointelegraph

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China’s blockchain mission BSN to pilot world CBDC system in 2021

The Chinese language nationwide blockchain mission, the Blockchain Service Community, is planning to pilot integration with world central financial institution digital currencies.

Based on a Jan. 15 weblog publish, the BSN is seeking to construct a common digital fee community, or UDPN, based mostly on CBDCs of varied international locations as a part of its 2021 roadmap. At present on the design stage, the beta model of UDPN is predicted to launch within the second half of 2021. The BSN plans to finish the UDPN growth in 5 years.

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