There is a devoted team which is working in secret, to have the PBoC’s own cryptocurrency released before Libra. Reports suggested that as soon as Facebook released its white paper, the PBoC began work immediately. A team working behind the scenes for the PBOC’s Digital Currency Research Lab is currently in the process of selling up its digital currency system. It is being worked on in a restricted environment, with the aim to launch it before Facebook’s Libra enters the market. Following Facebook unveiling the white paper for its Libra Project in June, the People’s Bank of China (PBoC) reportedly began working. The PBoC is working in the highest gear attempting to launch its digital currency into the market before Libra comes in. Latest reports suggest that the team of developers is working in a secret office away from the PBoC’s downtown Beijing headquarters. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD retreats from tops post-upbeat ADP FX Street 4 years There is a devoted team which is working in secret, to have the PBoC's own cryptocurrency released before Libra. Reports suggested that as soon as Facebook released its white paper, the PBoC began work immediately. A team working behind the scenes for the PBOC's Digital Currency Research Lab is currently in the process of selling up its digital currency system. It is being worked on in a restricted environment, with the aim to launch it before Facebook's Libra enters the market. Following Facebook unveiling the white paper for its Libra Project in June, the People's Bank of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
