CHINA-ECONOMY: PBoC TIES UP WITH AI SPECIALIST 'SENSE TIME' TO TEST DIGITAL YUAN
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Caixin reported on April 30 that, amid rumours that PBoC is planning a pilot programme for a Digital Yuan,the agreement between Hong Kong-headquartered Artificial Intelligence specialist SenseTime and the Digital Currency Research Institute of the People’s Bank of China (PBOC), which oversees the development of the country’s sovereign digital currency, sets a target of “enhancing financial institutions’ capabilities in risk control and operations. No further details were given.
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