Tag Archives: central bank-backed digital currency

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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