Professor INSEAD and co-founder of the Blockchain Research Institute (BRI) Don Tapscott said that the Yuan - the official Chinese currency - will become a cryptocurrency.

In an interview with Bloomberg, Tapscott said that he recently met with the vice-chairman of the Chinese Communist Party. The official stressed that the Secretary General of China, Xi Jinping, sees great potential in the blockchain technology and believes that it can play one of the most important roles in the future of the state.