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CHINA: China plans to lunch the world’s first official digital currency

China announced his plans to become the first “country to put a central bank digital currency” into use.

The central bank will acquire more power to investigate how money is been used with the aid of digital currency, dozens of central banks have started looking at weather to issue digital currencies, but only a few have tried.

From America to South Korea , central banks have “quarantined and disinfected potentially contaminated banking notes”, which makes them to be more interested in a digital currency under way in China, it could change how central banks manage both liquidity and physical currency.



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