Check this out ... China Is Developing its Own Digital Currency

The People's Bank of China has been cracking down on Bitcoin exchanges in China

But, errrr, they do seem to have a liking for digital currencies otherwise .... Nothing suss ...

This via Bloomberg:

  • the People's Bank of China has done trial runs of its prototype cryptocurrency
  • That's taking it a step closer to becoming one of the first major central banks to issue digital money
  • At the same time as it builds up its own capabilities, the PBOC is increasing scrutiny of bitcoin and other private digital tenders

Article is here

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Oh, and related from Bloomberg: Even China Can't Kill Bitcoin

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