An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans.
“This (the interest in CBDCs) may also be related to the large increase in the price of Bitcoin,” said PBoC research head Wang Xin, referring to the heightened efforts in developing a digital currency.
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