BEIJING -- China appears on track to launch a sovereign digital currency next year, becoming the first major country to do so, as Beijing aims to track money flows more closely and combat planned cryptocurrencies such as Facebook's Libra.
Currencies
Digital yuan nears launch as China sweats over Libra
Sovereign virtual coin lets Beijing bolster oversight and boost currency abroad
Chinese President Xi Jinping appears intent on using the digital yuan to bolster the currency's presence globally © Reuters
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