News Snapshot:
September 21, 2020 China mourns for coronavirus (COVID-19) victims on Qingming tomb sweeping festival Sign SHANGHAI (Reuters) – China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by the country’s central bank said. An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), said the rights to issue and control a digital currency would become a “new battlefield†of competition between sovereign countries. Issuance and circulation of the digital currency would...
