Share In 2019, the Chinese yuan was the 8th most traded currency in the world. It is an official currency of the country issued and backed by the Central Bank (the People’s Bank of China or POBC). While there is nothing wrong with the yuan itself, the local government wanted to follow the world’s trends and provide its citizens with a quick and convenient payment solution. This led to the development of the digital yuan. This Blockchain-based currency will surely be capable of competing with the leaders of the cryptocurrency world such as Bitcoin. Everyone who does not want to...