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People’s Bank of China Denies Media Reports About Launching State-Backed Cryptocurrency

People’s Bank of China Denies Media Reports About Launching State-Backed Cryptocurrency – CryptoNewsZ

Recently, the People’s Bank of China, known as the Central Bank of the nation, has confirmed that the bits of gossip regarding the launch of a state-backed cryptocurrency is false. The declaration was made in the report by The Global Times, the official paper of the Communist Party of China, so it is an official source.