China's digital currency will kick off 'horse race' - central bank official
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HONG KONG (Reuters) - China's digital currency will create a "horse race" when it is launched as commercial banks and other institutions compete to provide the best services using the new form of money, a central bank official said on Wednesday. China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries, though few details are currently available. Akin to Facebook's proposed Libra..