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China's proposed digital currency more about policing than progress

FILE PHOTO: A Chinese national flag flies at the headquarters of the People's Bank of China,
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SHANGHAI (Reuters) - As China prepares to become the first country to launch a digitized domestic currency, market participants and experts say it is a testament to both financial innovation and Beijing’s desire to have fail-safe control over its cash economy.China’s central bank has revealed few specifics of its Digital Currency Electronic Payment (DCEP) project, one that’s been five years..
Date Published: Nov 01, 2019
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