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China's central bank will launch crackdown on all virtual currencies

The central bank will also push forward the research and development of its own digital currency this year,

Reuters  |  Beijing 

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing. (Photo: Reuters)
A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing. (Photo: Reuters)

China's will launch a crackdown on all types of virtual currencies this year, a vice governor of the said on Thursday.

The will also push forward the research and development of its own digital currency this year, Fan Yifei said in a statement posted on the website of the People's Bank of China (PBOC).

 

 

First Published: Thu, March 29 2018. 16:37 IST
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