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China says to launch digital currency action plan
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China will on January 1 launch an “action plan” for boosting management and operations of its digital currency, a deputy governor of the country’s central bank said Monday.
“The future digital yuan will be a modern digital payment and circulation means issued and circulated within the financial system,” People’s Bank of China (PBoC) Deputy Governor Lu Lei wrote in Financial News, a media outlet under the central bank.
In the next step towards that goal, a “new generation” arrangement for digital yuan will be launched on January 1, Lu said, encompassing…
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