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China to issue cryptocurrency to Alibaba, Tencent, and others

News | Cryptocurrencies | 28 Aug 2019

China’s central bank has announced it will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months.

Alibaba, Tencent, China, government, cryptocurrency, banks, digital assets, fiat currency, central bank, blockchain, debit, credit, the Industrial and Commercial Bank of China, the Bank of China, the Agricultural Bank of China