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Bitcoin Explodes, Are Altcoins Next?The blockchain-backed digital currency project, which the People's Republic of China has been working on for seven years, has finally been completed. The answer may lie in China's digital yuan. The cryptocurrency has been in development for over eight years, since the People's Bank of China . Unlike cryptocurrencies such as bitcoin, which are not centrally controlled, China's �sovereign� digital coin would fall under the authority of the People's.
