Beijing: As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency – one that could allow the government and the central bank to see what people spend their money on, according to analysts.
Far from the libertarian ideals of cryptocurrencies, whose anonymity allows users to buy and sell without leaving a digital trail, China’s mooted e-cash system will be regulated, experts say, and run by the People’s Bank of China, the central bank.
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