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Top Chinese central banker says Beijing’s digital currency must be restricted to big commercial banks

Alibaba and Tencent left to offer mediated wallets rather than potentially become private currencies

A deputy governor of the People’s Bank of China has revealed more about the nation’s plan for a digital currency, and the news isn’t good for alternative payment systems run by the likes of Alibaba and Tencent because it appears they won’t get the chance to go head-to-head with Banks.…

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