An official at China's central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the payments unit at the People's Bank of China, said its researchers have been hard at work since last year to complete the systems needed to support the digital yuan offering and that it is "Close to being out." The news was reported by Bloomberg on Monday.

13 Aug 2019
Arden Tech SoundBytes: China’s CB nears launch of digital currency, Uber falls to all-time low, Huawei debuts own operating system
Aferian plc (AFRN:LON), 4.3 | Bango plc (BGO:LON), 92.5 | BOKU, Inc. (BOKU:LON), 211 | IQE plc (IQE:LON), 10.1 | TechFinancials, Inc. (TECH:PLU), 0.2

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Arden Tech SoundBytes: China’s CB nears launch of digital currency, Uber falls to all-time low, Huawei debuts own operating system
Aferian plc (AFRN:LON), 4.3 | Bango plc (BGO:LON), 92.5 | BOKU, Inc. (BOKU:LON), 211 | IQE plc (IQE:LON), 10.1 | TechFinancials, Inc. (TECH:PLU), 0.2
- Published:
13 Aug 2019 -
Author:
Kartik Swaminathan -
Pages:
4 -
An official at China's central bank has said the institution is nearing the launch of its digital currency. Speaking at an event in China over the weekend, Mu Changchun, deputy director of the payments unit at the People's Bank of China, said its researchers have been hard at work since last year to complete the systems needed to support the digital yuan offering and that it is "Close to being out." The news was reported by Bloomberg on Monday.