China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin.
The People's Bank of China said several important processes in the development of the digital yuan were "almost complete."
Tether has launched its Chinese yuan-backed stablecoin, which it revealed will run on the ethereum blockchain as an ERC-20 token.
In the face of increasingly diverse rumors, bitcoin exchange BTCC is taking an optimistic view of how domestic regulation may progress.