According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all over the news as they attempt to launch their own dollar-pegged crypto-currency while navigating the United State’s often confusing regulatoryRead MoreThe post China Ready to Roll out State-Backed Digital Currency appeared first on Bitcoinist.com.