China does not have a specific launch date for the digital currency. The head of the central bank announced this todayGlobal Times Note that the new comments contradict previous statements.
According to the Global Times, the People's Bank of China (PBOC)denies Beijing's willingness to introduce a new financial asset. According to the publication, the NBK “must monitor, test, assess and prevent risks.”
China's digital currency research and development has made progress, but the country does not yet have a timetable for launching the digital currency, – said the head of the NBK.
The comments of the chapter do not completely coincide withstatements made by Deputy Director Mu Changchun earlier in August. It was reported that at the time, the NBK claimed that the digital currency was in the final stages of readiness and was awaiting launch.
Then it was argued that the development of its owntoken accelerated as a direct response to Libra. Earlier this month, Mu suggested that a central bank digital currency would help ensure monetary sovereignty.
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