China’s digital currency not seeking ’full control’ of individuals’ details

China’s digital currency not seeking ’full control’ of individuals’ details

A senior China central bank official said on Tuesday that the proposed digitized domestic currency is not a bid to gain full control of information belonging to the general public. China is preparing to be the first country to roll out a digitized currency. While few details are currently available, the officially-named Digital Currency Electronic Payment will be powered partially by blockchain.

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