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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

Chinese dragon wrapped around a bitcoin

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.  China’s Central Bank Digital Currency

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