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Saturday, February 29, 2020

China Digital Currency and Virus

Origin of this comments makes this interesting, a means of regulating otherwise hard to control financial results coming from less controllable events like epidemics?

Coronavirus outbreak could accelerate China's digital currency issuance, says former central bank president    by Celia Wan  in TheBlock

Efforts to combat the coronavirus could accelerate the Chinese central bank's plans to issue a digital currency, according to a former president of the People's Bank of China.

In a February 16 interview with China Daily, Lihui Li argued that a digital currency's efficiency, cost-effectiveness, and convenience make it especially desirable during an epidemic. Li previously helmed the People's Bank of China and now serves as the blockchain lead for the state-run National Internet Finance Association. .... " 

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