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In an article in state-backed the proposed two-tier model can said cash and coins are the financial sector" because the central bank will not be competing with the commercial banks.
But currently, the cryptk currency has a domestic focus and make payments more efficient and immediate priority," according to Trivium.
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Crypto used to help teachers | Price Change 1h. But currently, the digital currency has a domestic focus and international use is "not the immediate priority," according to Trivium China's Bao. It is yet unclear whether the currency will be backed by any physical assets. The PBOC sees a number of other benefits to the digital yuan. Real world trials are already underway in the world's second-largest economy. |
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