China Seeking First-Mover Advantage in Building Digital Currency: Senior Japan Official


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FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration taken January 27, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Reuters By Tom Wilson LONDON (Reuters) - China is seeking to win a first-mover advantage in its efforts to develop a digital version of its currency, Japan's top financial diplomat said on Thursday. The People's Bank of China is one of many central banks across the world looking at creating their own digital currencies, spurred on by demand for electronic payment methods and potential competition from privately-issued tokens. "The (digital) renminbi is moving at a relatively...