South China Morning Post: China’s sovereign digital currency ‘progressing well’, central bank says, but still no launch date Featured
China’s central bank said on Sunday it will continue with its research and development into the creation of a sovereign digital currency in 2020, but fell short of saying when it might be launched.In a summary of its annual work conference held last week, the People’s Bank of China (PBOC) said it made “smooth progress” on the issue in 2019.The PBOC was one of the first central banks to promote the idea of a digital sovereign currency, partly because Beijing regards cryptocurrencies like bitcoin…
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