How China's Plans to Launch Its Own Currency Might Affect Bitcoin
China’s central bank, the People’s Bank of China (PBOC) has revealed that it is in discussions to launch its own digital currency. What does this mean for Bitcoin? A statement by the PBOC about issuing its own digital currency is making its way around the globe and has people wondering about the consequences.. Here are some of the major points: In the story, it’s stated that this is a partnership with Citibank and Deloitte & Touche to determine the best way to build and issue the digital currency. This is a huge move by all parties as they could create a large global economic force.....
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