Beijing has now publicly supported digital currency. Two years ago, Chinese regulators banned cryptocurrency and trading exchanges. In 2019, Beijing announced it was working to launch a central bank-issued coin as a way to reduce the expense of paper money and increase control of the money supply. The People’s Bank of China (PBoC) recenetly said . . .
See also: PBOC, Bank of China, cryptocurrency, fintech, bitcoin, payments, digital payments
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