News with the tag "china digital currency"

Shanghai Securities News recently disclosed an investigation into Yao Qian, a pivotal figure in China’s journey towards establishing a central bank digital currency (CBDC). Qian’s role at the helm of the People’s Bank of China (PBOC) was instrumental in spearheading the research and development effo...

Several lawmakers have expressed concerns about the privacy risks of the Federal Reserve issuing a central bank digital currency (CBDC). “Americans have a right to financial privacy,” one congressman said, emphasizing: “We do not need a CBDC that can track your purchases like China does with their d...

China has been closely keeping an eye on its regulatory policies to manage the crypto sector as emerging trends and challenges develop, despite its prohibition on digital assets. The government’s attempts to regulate this swiftly changing industry reflect its dedication to maintaining financial stab...