The People’s Bank of China recently published an update on the development of its national cryptocurrency, stating that it is ‘progressing smoothly.’ Last week, China’s central bank held its annual work conference in Beijing, during which it touched upon numerous topics, one of which is its own CBDC. As always, the report did not go into too many details, but the bank did say that the development of its so-called ‘digital yuan’ is progressing well.Read More The post appeared first on Bitcoinist.com.