As Facebook readies to launch its answer to bitcoin, China is set to introduce its own digital currency — one that could allow the government and the central bank to see what people spend their money on, according to analysts. Far from the libertarian ideals of cryptocurrencies, whose anonymity allows users to buy and sell without leaving a digital trail, China’s mooted ecash system will be tightly regulated, experts say, and run by the People’s Bank of China, the central bank. It “would give the PBoC greater insight into transactions throughout the country,” analysts at Beijing-based research firm Trivium China said ... (full story)