Except this particular currency is being developed by China's central Bank. As a centralized currency, it's inevitable that banks will play a major role here.
RE: Well, someone had to be first - China Becomes First Country in the World to Test a National Cryptocurrency
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Well, someone had to be first - China Becomes First Country in the World to Test a National Cryptocurrency
Hope their role will be reduced and fractional reserve won't take place there. But it's hard to imagine that government will give away it's power to manipulate interest rates.
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