| The People's Bank of China (PBOC), China's central bank, hopes to launch its own virtual currency to cut the cost of handling paper money and to give the government more control of the country's money supply.
A research team has been looking into digital currencies since 2014 and has achieved some encouraging initial results. This team should now "set up clearer strategic objectives for launching digital currencies, overcome the technological barriers ... and aim for an launch of the central bank's digital currencies," the PBOC said...............................................Full Article: Source
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