Wednesday , June 23 2021
Home / South China Morning Post / China moves to legalise digital yuan and ban competitors with new draft law

China moves to legalise digital yuan and ban competitors with new draft law

Summary:
[unable to retrieve full-text content]China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank is also addressing problems that emerged in pilot tests for the digital yuan.The People’s Bank of China (PBOC) published a draft law on Friday that would give legal status to the Digital Currency Electronic Payment (DCEP) system, and for the first time the digital yuan has been included and defined as part of the country’s sovereign fiat…

Topics:
Frank Tang considers the following as important:

This could be interesting, too:

Tyler Durden writes Fully Vaccinated Israelis May Be Forced To Quarantine After Exposure To “Delta” Variant

Tyler Durden writes Industry Icon Seeing Housing “Hyperinflation”

Tyler Durden writes Apple Daily Closes, Becoming First Casualty Of New Hong Kong Security Law

Tyler Durden writes Critical Race Theory May Violate Civil Rights Act, The Constitution: Dr. Carol Swain

[unable to retrieve full-text content]
China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank is also addressing problems that emerged in pilot tests for the digital yuan.The People’s Bank of China (PBOC) published a draft law on Friday that would give legal status to the Digital Currency Electronic Payment (DCEP) system, and for the first time the digital yuan has been included and defined as part of the country’s sovereign fiat…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.