According to the report, the People’s Bank of China is in the middle of observation in establishing its own cryptocurrency with a negative interest rate. According to the vice governor of PBOC, Fan Yifei, “In the long run, due to the lower natural interest rate, monetary authorities can incorporate negative interest rate policies into the normal monetary policy toolbox.â€
Negative Interest Rate Said To Be Offered By China’s State Cryptocurrency
IncryptsApr 10, 2018
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