China Trials Its Central Bank Digital Currency And Could Introduce It As Early As 2021
China is leading the way in the adoption of central bank digital currencies.
If its trial is successful, China could roll out its DCEP next year. Sweden could also introduce its own digital currency in 2021.
Other central banks are likely to follow.
Cryptocurrencies are back in the news lately as Bitcoin hit a new all-time high in November and early December, finally exceeding the top made in December 2017. The fact it has recovered from the 2018 crash and rallied over 500% to new highs proves it is here to stay and more and more institutional investors and high-profile traders have been accumulating cryptocurrencies.