China unveils plan to build a global payment network based on central bank digital currencies

China’s Blockchain-based Service Network (BSN) has revealed plans to develop a universal digital payments network (UDPN) based on standardised procedures for international transfers and payments with and between central bank digital currencies (CBDCs). The state-sanctioned blockchain network aims to roll out the UPDN in beta as early as the second half of 2021 as part […]

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