Government organizations involved in creating cryptocurrency have been quarantined

The Bank of China has postponed a program to develop the digital yuan, scheduled for the first quarter of this year. The reason for the suspension is the quarantine imposed because of the coronavirus, which affected government agencies, global Times reports, citing informed sources.

"The coronavirus outbreak has led to the suspension of work in public institutions, including the people's Bank of China. Politicians and research staff involved in creating the digital yuan are no exception, which affects the development process»
He added that the epidemic will not affect the launch date of China's cryptocurrency. The Central Bank has the necessary technical base and resources to complete the development of the digital yuan on time, the source said.

At the moment, the date of release of the cryptocurrency by China is unknown. In early January, a representative of the Central Bank said that the regulator has completed the development of the external level of the digital yuan and conducted its functional studies.