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China's central bank to issue own cryptocurrency as soon as November: Forbes

By Staff Writer on Aug 29, 2019 6:54AM

China's central bank to issue own cryptocurrency as soon as November: Forbes

To cut the costs of circulating traditional paper money.

China plans to issue its own cryptocurrency as early as Nov. 11, the country's busiest shopping day for online sales, US financial magazine Forbes said, citing two sources familiar with the matter. The People's Bank of China (PBOC) has been exploring the possibility of launching its own digital ...

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