China was among the first countries to refute Bitcoin and listen to the plans of the national digital currency on Bitcoin’s core technology. Nanjing FinTech’s head office will also advance the PBoC agenda by testing the Yuan digital prototype before potential distribution nationwide. Digital Currency Research Laboratories has already established a branch with a starting capital of $ 300,000, with a wholly owned subsidiary, Shenzhen Fintech Limited, in the southern city of Shenzen. Like Nanjing, Schenzen research and development laboratories have also partnered with the city government to place blockers between local people and financial institutions. The laboratory has already published more than 40 patents on the development of the centralized digital currency to project China as a world leader in the development of the blockchain. According to the local press, most of these patents are focused on loans for interest rate management, stock markets and portfolio systems. Even though Nanjing is behind Schenzen, China has been able to advance research by accelerating the systematic preparation of digital currency.