China's central bank explores digital currencies

The PBoC is studying the possibility, alongside a team of researchers, major financial institutions and advisory bodies

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Digital push: the PBoC held a meeting in Beijing in the presence of experts from Citibank and Deloitte

The People's Bank of China (PBoC) is exploring the possibility of issuing its own digital currency "as soon as possible", it revealed in a statement on Wednesday (January 20).

The bank announced it had held a meeting in Beijing in the presence of experts from Citibank and Deloitte, with preliminary works being carried out on "the overall framework of evolving digital currencies", as well as "encrypted currencies issued by the state".

PBoC governor Zhou Xiachuan attended the meeting alongside his

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