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China’s digital yuan will utilize smart contracts, and will be built to counter Alipay-like payment platforms designed by the privately-owned conglomerates, former People’s Bank of China director Yao Qian said. Speaking at the International Finance Forum in Beijing, Qian argued that... See more for yourself here (https://cointelegraph.com/news/digital-yuan-conceived-to-counter-alipay-like-platforms-says-former-pboc-executive).
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