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Tag Archives: PBoC

Libra Can Work Best If It Is In IMF’s Custody

A former head of the Central Bank of China is the latest to give his opinions concerning Facebook’s Libra. He argues that the proposed cryptocurrency platform, Libra can perform better when it is in the custody of IMF – International Monetary Fund. It is not the first time the digital payment platform is getting criticism […]

China’s PBoC Announces National Crypto To Counter Libra

  • By Samantha Mitchell
  • August 13, 2019
  • 1915 Views
  • 2 Comments
The People’s Bank of China (PBoC) has announced a national Cryptocurrency. The announcement was made during the China Finance 40 Forum convention in Yichun Heilongjiang signifying that the Crypto could have the backing of the top brass in the Communist Party of China. China’s Crypto Is Ready For Deployment One of the key takeaways from […]