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China Starts Limited Testing of a Digital Currency

By
Shai Oster
· · Source: The Wall Street Journal

China has rolled out limited testing of a new digital currency designed by the central bank. The digital currency is being rolled out in four cities, and in some cases government employees will have part of their salary paid in the new money for use in certain designated transactions such as covering the cost of commuting. China’s digital currency resembles bitcoin, but without anonymity,...

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