Chinese central bank digital currency shrouded in doubts

The Chinese central bank digital currency (CBDC) suffers skepticism once again as the project’s application comes under question. Chinese central bank digital currency Ejinsight reported that the People’s Bank of China (PBoC) has announced that it will continue its research of digital assets and continue to monitor the events occurring in the crypto markets globally. Currently, research and development of the CBDC is going on and would be completed soon. The next stage of the project involves the testing of the digital asset in a controlled environment. The Deputy Governor of the PBoC, Fan Yifei is to test the asset