The People’s Bank of China (PoC), which is the country's central bank, intends to accelerate the development of a “legal digital currency”. This is stated in a statement published on the website of the regulator.
On August 2, PoC held a videoconference to discuss the main tasks for the second half of 2019. During the event, the regulator also mentioned cryptocurrencies and noted that it is closely following the global trends in this area.
Last month, PoC research director Wang Xin said that in light of the upcoming launch of the Facebook project Libra and its potential impact on global monetary policy, the bank is actively considering the possibility of developing its own cryptocurrency.
In the conference, which was held on August 2, PoC confirmed its plans in this direction.
We also recall that in the opinion of the head of Huawei, Ren Zhengfei (Ren Zhengfei), China is fully capable of releasing cryptocurrencies like Libra, and become the leader of the blockchain industry.
Posted 04/08/2019
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