Logo 01 Sep 2020

Two more state-owned banks join DCEP pilot

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Thought we were done with updates on the central bank’s digital currency (DCEP) pilot (see also previous entry)?
Not by a long shot.
On Monday, Caixin reported that Postal Savings Bank of China (PSBC) and China CITIC Bank have joined the DCEP pilot.
Some context: Banks already participating in the p...