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Central bank chief Yi reveals details on e-yuan

China’s central bank digital currency has reached new milestones on its way to being adopted in everyday life. Yi Gang, Governor of the People’s Bank of China (PBoC), went into details of the launch for the first time at an online conference marking the 30th anniversary of the Bank of Finland Institute for Emerging Economics last week. The central bank chief revealed current figures and bluntly revealed the project’s most important goal: The leadership wants to further contain the power of Internet corporations.

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