News Snapshot:
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 fast pace - presumably they are aiming to take the first-mover advantage," said Kenji Okamura, vice-finance minister for international affairs. "First-mover advantage is something we should be afraid...
