SINGAPORE (July 17): Besides the absence of a central authority, another attractive attribute of blockchain-based cryptocurrencies is the speculative element where prices go through big, frequent swings. China, for obvious reasons, will make sure there are neither attributes with e-RMB.

Instead, PBOC will likely adopt a centralised model based on this technology, which gives it greater oversight over transactions. Like central bank-issued fiat currency, e-RMB does not require a basket of assets to support it. 

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