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Charles Okaformbah, Co-founder of Blockchain Solutions Consultancy firm Convexity, spoke to the Global Business Report about China’s test of its Digital Currency in Shanghai. The Digital Yuan is pegged at 1-to-1 with the physical currency, is accepted at a number of locations in Shanghai where it is tested, and has no transactions fees. It is also closely tracked by the Chinese government which has raised concerns about privacy but are they overblown? Let us know your thoughts!
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