China is aiming to be the first country in the world to launch a digital currency, after five years of research by a team in its central bank. The project is still shrouded in secrecy. There have been few details about what form a new sovereign digital currency might take, how it will affect banks and businesses and when it might be launched. … Facebook’s founder Mark Zuckerberg warned that Beijing’s digitisation efforts could leave American finance in the dust.  Here is what the People’s Bank of China is really up to. … plus more at the Financial Times last year.

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