People’s Bank of China Governor Yi Gang has reportedly said that the country’s centralized digital yuan (e-CNY) should protect privacy but should not be as anonymous as cash. During a virtual speech delivered Monday (Oct. 31) at the Hong Kong FinTech Week conference, Yi said...
Chinese citizens have spent more than $14 billion worth of digital yuan, the People’s Bank of China said last week. That represented 360 million transactions made at some 5.6 million merchants in 15 provinces who now support the central bank digital currency (CBDC), formally called...
If the U.S. is to maintain its economic and political leadership in the 21st century, one thing it cannot do is lose control of the international arena. That was the overall message that emerged from a Sept. 20 House Financial Services Committee hearing on the...
October 31, 2022
People’s Bank of China Governor Yi Gang has reportedly said that the country’s centralized digital yuan (e-CNY) should protect privacy but should not be as anonymous as cash. During a virtual speech delivered Monday (Oct. 31) at the Hong Kong FinTech Week conference, Yi said there should be a balance between the desire for privacy […]
