<h1>People’s Bank Of China 'Close' To Launch Of Its Own Crypto</h1>
Submitted by Anonymous (not verified) on Tue, 08/13/2019 - 00:45
Mu Changchun, deputy director of the People's Bank of China (PBoC), has stated that the group is close to finishing up and issuing its own cryptocurrency. However, unlike most blockchain-based cryptocurrencies, the PBoC’s currency is intended to give Beijing more control over its financial system.