China limits Digital Yuan use to commercial banks only


Source: cryptopolitan.com cryptopolitan.com

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Inside US regulators ongoing war with financial crime A centralized Yuan management program will be continued to manage all aspects of the digital currency like that of issuance amount, regulations, design, security, and technical standardization. PBOC’s Head MU further highlighted the bank’s intent to collaborate with certified financial institutions in order to provide secure and reliable digital wallet platforms to its public. He further discussed the concerns old aged public and certain classes would have with the introduction of the new technology and the developmental pipeline of products to facilitate digital Yuan dealings in order to tackle them. While the...