China’s central bank to step up plans for its own cryptocurrency
The People’s Bank of China (PBOC) are paying “high attention,” according to Wang Xin, director of the PBOC. The PBOC was the first major central bank to study digital currencies in 2014, a step to counter the challenge from cryptocurrencies like bitcoin, with a research institution set up in 2017 to further facilitate the research.
If [Libra] is widely used for payments, cross-border…
