The central government came out sharply against Bitcoin in 2013, forbidding payment companies from accepting it. It later relented somewhat, and allowed Bitcoin exchanges, but banks must still give it wide berth. Photo: Reuters
The central government came out sharply against Bitcoin in 2013, forbidding payment companies from accepting it. It later relented somewhat, and allowed Bitcoin exchanges, but banks must still give it wide berth. Photo: Reuters
Bitcoin

China’s central bank aims to issue digital currency

Move could help Beijing stem capital outflows and challenge global dominance of US dollar

The central government came out sharply against Bitcoin in 2013, forbidding payment companies from accepting it. It later relented somewhat, and allowed Bitcoin exchanges, but banks must still give it wide berth. Photo: Reuters
The central government came out sharply against Bitcoin in 2013, forbidding payment companies from accepting it. It later relented somewhat, and allowed Bitcoin exchanges, but banks must still give it wide berth. Photo: Reuters
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