The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global Times, an English daily under the state-run People’s Daily, the statement effectively stamps out rumors of China hastening the launch of its digital currency ahead of Facebook’s much-publicized cryptocurrency, Libra. An excerpt from the report read: Yi said that there is no presupposition for a tech roadmap of digital currency R&D, and that blockchain (a digital, public ledger that records online transactions) will be considered to develop a digital currency. What

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