The People’s Bank of China issued a statement over the weekend regarding concerns about ongoing crypto speculation and a crackdown on stablecoins. Mainland China has banned crypto for years, allowing Hong Kong to serve as a jurisdiction where digital asset development and experimentation can take… Read More
Read more in: Asia, Politics, Legal & Regulation | Tagged cbdc, china, e-cny, peoples bank of china
DBS (SGX:D05) announced it is one of the first foreign banks in China to launch an e-CNY merchant collection solution and complete an e-CNY transaction for a client. The solution empowers corporate clients of DBS China “to collect payments from their customers in e-CNY, China’s… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged cbdc, cbdcs, china, dbs, digital transactions, digital yuan, e-cny, mainland china, virtual renminbi
A group of Republican US Senators has introduced legislation designed to knee-cap the digital yuan – a Central Bank Digital Currency (CBDC) that is already in use – albeit on a limited basis. Senators Tom Cotton, Marco Rubio, and Mike Braun have revealed the “Defending… Read More
Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged cbdc, china, digital yuan, e-cny, marco rubio, tom cotton
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