The People’s Bank of China said it made “smooth progress” on the development of a sovereign digital currency in 2019. Photo: Reuters The People’s Bank of China said it made “smooth progress” on the development of a sovereign digital currency in 2019. Photo: Reuters
The People’s Bank of China said it made “smooth progress” on the development of a sovereign digital currency in 2019. Photo: Reuters

Digital currencies

Economy /  China Economy

China’s sovereign digital currency ‘progressing well’, central bank says, but still no launch date

  • People’s Bank of China says research and development work will continue in 2020
  • Beijing is keen to create a digital currency to offset perceived risks posed by bitcoin and Facebook’s Libra

Topic |   Digital currencies
Zhou Xin
Zhou Xin

Updated: 5:01pm, 21 May, 2020

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The People’s Bank of China said it made “smooth progress” on the development of a sovereign digital currency in 2019. Photo: Reuters The People’s Bank of China said it made “smooth progress” on the development of a sovereign digital currency in 2019. Photo: Reuters
The People’s Bank of China said it made “smooth progress” on the development of a sovereign digital currency in 2019. Photo: Reuters
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