China’s Central Bank Prioritizes Development of Digital Currency

China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency.

In an Aug. 2 statement, PBoC summarized the proceedings of a video conference, in which the bank conveyed the Party Central Committee and the State Council priorities on economic and financial initiatives ranging from monetary policy to support for small businesses.

Read more on Cointelegraph.com

 

 

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