China’s bitcoin rival claims are branded ‘nonsense’

CHINA’S claim that its cryptocurrency rival to bitcoin is almost ready for launch has been cast into doubt by some of the region’s leading crypto observers. Earlier this week, the deputy director of the People’s Bank of China – Mu Changchun – hinted at an event in Beijing that the cryptocurrency was “very close to being out” and that the bank itself would be the issuer of the digital asset.
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