The Say No to the Silk Road Act stems from not only the well-known privacy concerns around the Chinese CBDC, but also from worries it could be a tool to evade sanctions.
First Mover Asia: China to Widen Test of Digital Yuan as Russia Invasion Spotlights Crypto’s Potential Role; Cryptos Decline
The country is close to approving trials of the central bank digital currency in a number of cities and regions; bitcoin and ether drop as risk-on appetite fades.
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
Hong Kong banks and merchants have been testing the use of China’s CBDC.
The machine requires a passport, but not a bank account.
Some 140 million people have opened wallets for the “eCNY.”
RMB internationalization is inevitable, wrote People’s Daily.
The interbank payment using the e-CNY afforded a zero cost, efficient and convenient payment option in real time, according to the report.
La participación de la moneda estadounidense en las reservas mundiales no ha dejado de disminuir desde hace años. ¿Tomará el euro, yuan o bitcoin su lugar en el centro de las finanzas mundiales?