News Snapshot:
The central bank of China, the People's Bank of China, said that the Asian country needs to have a first-mover advantage in the digital currency race. The central bank of China, the People's Bank of China, said that the Asian country needs to have a first-mover advantage in CBDC race. In an article published on the weekend in China Finance, a magazine run by the PBoC, the central bank said China needs to break the U.S. dollar dominance and internationalize the national currency. Reuters first reported the news. “China has many advantages and opportunities in issuing fiat digital currencies, so...
