Draft bill to ban China’s digital yuan from US app stores
Three Republican senators introduced a bill to protect Americans from the “Authoritarian Digital Currencies Act.” Go to Source Powered by WPeMatico
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Residents of 3 Chinese cities paying taxes and charges with digital yuan
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security. Go to Source Powered by WPeMatico
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary system, the top representative warned. New Currency Blocs May Emerge Amid Mounting Restrictions on … Read more
US exceptionalism could be tested as digital assets find footing worldwide — Sheila Warren
“Innovation is going to flow to where it can thrive the most, and actively trying to block it is going to encourage it to head elsewhere,” said Sheila Warren. Go to Source Powered by WPeMatico
Blockchain Association policy head: US shouldn’t compete with China’s CBDC using surveillance tools
“We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship,” said Jake Chervinsky. Go to Source Powered by WPeMatico
Republican lawmakers introduce bill targeting China’s CBDC on sanctions, privacy
“This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy. Go to Source Powered by WPeMatico
US lawmakers issue warnings about digital yuan as Winter Olympics kicks off
“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. Go to Source Powered by WPeMatico
COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report
Restricting the number of spectators at the major international sporting event will “likely further delay the mass adoption of the digital currency,” according to the Foundation for Defense of Democracies’ Craig Singleton. Go to Source Powered by WPeMatico
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead of Lunar New Year and … Read more
CBDC wallet tops mobile app store charts in China
The pilot version of China’s official digital yuan wallet app has become the most downloaded app in local mobile app stores. Go to Source Powered by WPeMatico