People's Bank Of China Draft Law Provides A Legal Basis For Digital Currency Electronic Payments (DC/EP) And Bans All Stablecoins Backed By Renminbi Reserves


Source: latestnigeriannews.com latestnigeriannews.com

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The legal basis for the Chinese central bank digital currency is a draft law out for public consultation. There is an article in the law against stablecoins pegged to RMB reserves. Could be directed at Libra. Another step toward an intelligent internet of value made in China.