HONG KONG -- Late last month, Xi Jinping became the darling of cryptocurrency enthusiasts around the world -- if only briefly.
Expected 2020 launch to protect financial sovereignty, unlike 'fraud' bitcoin

Beijing is forging ahead with plans to develop a digital currency in a bid to secure financial sovereignty and enhance the global role of the yuan. (Nikkei montage/source photo by Reuters)
HONG KONG -- Late last month, Xi Jinping became the darling of cryptocurrency enthusiasts around the world -- if only briefly.