The current conservative international financial system doesn’t suit young people or young economies, says Ma.
Central bank digital currencies will fundamentally change our conceptions of money and its uses.
Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts.
Details regarding the digital yuan’s characteristics are taking shape.
The new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties
He doesn’t seem to think China is that far ahead of the USA when it comes to blockchain development — at least for now.
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency.
A cross-boundary digital yuan could bring Hong Kong closer to China, Hui said.
OKEx’s secrecy around locking customer withdrawals has led to misinformation and confusion around what’s happening with the exchange.