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August 12 - 10:08
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China's central bank says digital currency 'is close'
The People's Bank of China says a digital currency for the country is all but ready for release. One of the bank's deputy directors confirmed that required systems are nearing completion. China has sped up its ambitions in this area since Facebook announced its Libra coin. The currency is not expected to be built on a pure blockchain architecture given the complexity of China's economy.
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