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Central bank of China to launch digital currency within months in fight to retain control over monetary policy

The Peopleโ€™s Bank of China (PBOC) will roll out Chinaโ€™s sovereign digital currency, DC/EP, as early as November this year, distributing it to seven institutions including Alibaba, Tencent, and the four largest banks in the world, two separate sources told Forbes. Paul Schulte, a former executive at China Construction Bank and Lehman Brothers Hong Kong, […]

Central bank of China to launch digital currency within months in fight to retain control over monetary policy