China Should Consider Yuan-Pegged Stablecoin, PBoC Researchers Suggest

Cryptovest

Published Oct 11, 2018 06:28AM ET

Updated Oct 11, 2018 07:41AM ET

China Should Consider Yuan-Pegged Stablecoin, PBoC Researchers Suggest

The Chinese government should explore stablecoins and consider launching a yuan-pegged cryptocurrency, according to researchers from the People’s Bank of China (PBoC).

The comments were made in an Paxos Standard (PAX), both launched in September.

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