BEIJING, June 24, 2022 /PRNewswire/ -- The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But little did we know about a digital currency from the People's Bank of China (PBoC) that started its trajectory in the same year.