A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works

In the midst of a sino-U.S. trade war, the People’s Bank of China is working to develop its own cryptocurrency prototype. It apparently believes this centralized digital asset can ultimately trump BTC and perhaps even the U.S. Dollar.

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Original source
https://news.bitcoin.com/a-chinese-government-controlled-bitcoin-alternative-is-reportedly-in-the-works/

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