China plans to launch its own digital currency

China plans to launch its own digital currency to stay ahead of the global competition with its central bank approving proposals to conduct trials in some cities, official media here reported on Tuesday.

People's Bank of China (PBC)
Digital Currency Electronic Payment

China’s central bank – the People’s Bank of China (PBC) – has stepped up efforts to roll out its Digital Currency Electronic Payment (DCEP) as it seeks to stay ahead of the competition among central banks around the world.

economictimes.indiatimes.com

China plans to launch its own digital currency
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