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