PBoC Is Very Close To Launch Its Own Cryptocurrency

PBoC Is Very Close To Launch Its Own Cryptocurrency

People’s Bank of China (PBoC) is reportedly close to launching its very own digital currency. Mu Changchun, the deputy director of the People’s Bank of China payments department has made public that that the digital currency is very close to being out in the market. He explained the rational & need for the digital currency: it will actually serve to replace cash, or M0, but not M2, which is essentially credit.

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