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

By on
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 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
crypto currency finance hardware pboc peoples bank of china security

Most Read Articles

Samsung weighs dropping Bixby as Google dangles new mobile apps deal

Samsung weighs dropping Bixby as Google dangles new mobile apps deal
'Massive messaging storm' takes out Telstra's DNS infrastructure

'Massive messaging storm' takes out Telstra's DNS infrastructure
Travel giant CWT pays $6.3m ransom to cyber criminals

Travel giant CWT pays $6.3m ransom to cyber criminals
Toll Group unveils year-long 'accelerated' cyber resilience program

Toll Group unveils year-long 'accelerated' cyber resilience program
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Master the fundamentals of AWS cost efficiency
Master the fundamentals of AWS cost efficiency
Get IT, finance and business on the same page
Get IT, finance and business on the same page
Why is DevSecOps important to your business?
Why is DevSecOps important to your business?
Architecting Hybrid IT & Edge for Digital Advantage
Architecting Hybrid IT & Edge for Digital Advantage
Organizations Increasing Their Adoption of NFV
Organizations Increasing Their Adoption of NFV

Events

Log In

Username / Email:
Password:
  |  Forgot your password?