China’s central bank, the People’s Bank of China (PBoC) announced that it accelerated the development of its cryptocurrency.
In an Aug. 2 statement, PBoC summarized the proceedings of a video conference, in which the bank conveyed the Party Central Committee and the State Council priorities on economic and financial initiatives ranging from monetary policy to support for small businesses.
PBoC suggested that it should accelerate the research and development of its digital currency. Furthermore, the statement also indicates that much attention should be also given to other domestic and foreign cryptocurrencies.
Additionally, the bank said that it should strengthen financial risk remediation as well as its policy propaganda interpretation and respond quickly to social concerns.
https://cointelegraph.com/news/chinas-central-bank-prioritizes-development-of-digital-currency