China's Digital Yuan was Launching, Bitcoin Will be Suffer on 2020

2020 might be hard season for bitcoins and stablecoin because China's was launching their own digital currency, coin telegraph reported that China's Central Bank is accelerating it's effort to launch the digital token to challenge the United States dollars and all digital coin.

Bitcoin are predict will be suffer with China's digital yuan, people's Bank of China's confirming that digital yuan won't be speculation o require the support of a basket of currencies, unlike bitcoin

"The currency is not for speculation,” Mu Changchun, head of the People’s Bank of China’s digital currency research institute, said over the weekend, according to the official Shanghai Securities News and reported by China’s South China Morning Post newspaper.

“It is different to bitcoin or stable tokens, which can be used for speculation or require the support of a basket of currencies,” Mu said, with the newspaper adding “the top-level design, formulation, functional research and testing of the Digital Currency Electronic Payment had been completed,” with “the next step” to roll out pilot programmes.