China is close to launching its own digital currency, a central bank official said over the weekend. Photo: Reuters
China is close to launching its own digital currency, a central bank official said over the weekend. Photo: Reuters

China close to launching cryptocurrency, says central bank, amid pressure from Facebook’s Libra

  • Mu Changchun, deputy director for payments at the People’s Bank of China, confirmed cryptocurrency is ‘close to being out’
  • Central banks around the world have had to speed up their digital currency plans due to the potential impact from Facebook’s Libra

China is close to launching its own digital currency, a central bank official said over the weekend. Photo: Reuters
China is close to launching its own digital currency, a central bank official said over the weekend. Photo: Reuters
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