Tag Archives: central bank-backed digital currency

Two Views about Crypto Usage Assure Financial System’s Evolution

Two Views about Crypto Usage Assure Financial System’s Evolution

Two views have prevailed when discussing cryptocurrency usage. There are supporters of using virtual assets, and there are also those who question their dependability. According to the report posted online by Indian news outlet NDTV.com, while these two perspectives dominate the cryptocurrency realm, they both guarantee that the existing global financial system will continue to […]

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China Emphasizes Support for Central Bank-Backed Digital Currencies

China Emphasizes Support for Central Bank-Backed Digital Currencies

China is eyeing stronger international management of state-backed digital currencies. According to Mu Changchun, a system that facilitates the direct and efficient exchange of various digital currencies must be established to ensure a dependable and seamless trade among countries. The People’s Bank of China’s (PBOC) head of its “e-yuan” project recommended a scalable and overseen […]

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