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PBOC’s own digital currency is ready, said central bank official

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Chinese central bank is inching toward formally introducing a digital currency of its own after five years of research, which would make China one of the first major economies to make the move.

“People’s Bank digital currency can now be said to be ready,” said Mu Changchun, deputy director of the payment and settlement division of the People's Bank of China (PBOC) at an event held by China Finance 40 Forum over the weekend in Yichun, Heilongjiang.

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