Tag Archives: Digital Yuan

As China’s CBDC (Central Bank Digital Currency) undergoes technological and business model changes, the market should open up the possibility of incorporating CBDC or digital Yuan into all online retail payment modes, Changchun Mu (Founder and Director of PBC’s Digital Currency Research Institute) said on the 3rd of September, 2023. …

Titles VI and VII of the Responsible Financial Innovation Act, which have been introduced by Cynthia Lummis and Sens. Kirsten Gillibrand, would authorize the chartering of unsound, unsafe, and uninsured stablecoin financial institutions. The Lummis-Gillibrand crypto bill ignores important lessons from the last 50 years of financial regulation and could …

Central banks all around the world are planning to introduce a new kind of money known as cryptocurrency. With the rise in popularity of crypto around the globe, many nations have thought of central bank cryptocurrency, which will act as an alternative to the fiat currency that is prevailing.  In …