Programmable CBDC Is Under Development In China

Digital currencies with limitations on where, when, or to whom consumers can pay, are expected to be piloted soon

Programmable Central Bank Digital Currencies, with features that enable limitations on where, when, or to whom people can pay, are on our doorstep. 

China, the second largest economy in the world with GDP of $17.7 trillion, is likely to endorse programmable CBDCs, according to the recently published whitepaper that lays out a detailed blueprint for the transition to a cashless society.