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Will China's 'Cryptocurrency' Pump - or Pummel - Bitcoin? - Cryptos UK
Bloomberg, People’s Bank of China (PBoC) payments department deputy director Mu Changchun confirmed at the China Finance 40 Forum that the country’s cryptocurrency is nearing its release following a year of research and development.Given Beijing's history of antagonism toward decentralized cryptocurrencies, what does the impending launch of a PBoC-approved digital currency mean for bitcoin?China's 'Crypto'…