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China's digital yuan is "ready for deployment" and China should be the first country to issue a digital currency in its push to internationalise the yuan, according to an article published in the China Finance, a magazine run by the People's Bank of China (PBOC).
The article is titled "China's sovereign digital currency ready for deployment", without giving a timetable or further details about the official launch of the digital yuan.
The rights to issue and control a digital currency would become a “new battlefield” of competition between sovereign countries . . .
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