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.
The . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- DETAILS MATTER - we bring you details that you won't find elsewhere
- THE WIRE - up-to-the-minute updates of market-moving news and views
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
LIMITED-TIME OFFER - 50% OFF
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In