People’s Bank Of China ‘Close’ To Launch Of Its Own Crypto

August 12, 2019 9:45 PM

Mu Changchun, deputy director of the People’s Bank of China (PBoC), has stated that the group is close to finishing up and issuing its own cryptocurrency. However, unlike most blockchain-based cryptocurrencies, the PBoC’s currency is intended to give Beijing more control over its financial system.

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