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Digital currency “inevitable”—Bank of China

March 23, 2018

Via: Finextra

The introduction of digital currency is “inevitable”, according to the outgoing governor of the People’s Bank of China, who nevertheless stresses that any progress on the issue will be carried out in a “steady and orderly fashion”.

Last September China introduced a blanket ban on cryptocurrency trading, but the country has also been busy investigating the possibility of tapping into distributed ledger technology for a state-backed alternative.

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