Facebook’s Libra plans have startled Beijing. But now China is setting the pace: its digital currency is to replace cash. Pilot tests are already underway in four major cities. China has been testing its planned national digital currency for several weeks. According to the state news agency Xinhua, the research institute for the digital currency of the Chinese central bank ...
from Engine Forex https://engineforex.com/china-is-testing-government-issued-digital-currency/
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