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PBOC has no timetable for introduction of its digital currency – central banker


China does not have a timetable for the introduction of its new digital currency, said Yi Gang, governor of the People’s Bank of China (PBOC), said at a press conference on Tuesday, noting that more work was needed to address a series of regulatory issues.

The development of a digital coin required further “research, testing, trials, assessments and risk prevention”, Yi said.

“In particular, if cross-border use is involved, it will involve a series of regulatory issues regarding . . .

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