Chinese central bank nominates first recipients of its cryptocurrency

As preparations begin in full swing to launch its very own cryptocurrency by the end of this year, the Chinese central bank has released a batch of initial receivers of its digital currency. Among the first are Alibaba and Tencent – the two Chinese conglomerate giants. When China generates news, it is bound to become big! As soon as the world’s fastest-growing economy announced the launch of its state-backed cryptocurrency, widespread speculations arose on who’s who getting their hands on the first lot. Forbes now confirms that besides Alibaba and Tencent, Bank of China and Industrial and Commercial Bank of