China moves to legalize digital yuan and ban competitors with new draft law


Source: chinaeconomicreview.com chinaeconomicreview.com

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China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank" onclick="javascript:window.open(this.href, '_blank', 'menubar=no,toolbar=no,resizable=no,scrollbars=no,height=455,width=600');return false;" > Share China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank is also addressing problems that emerged in pilot tests for the digital yuan, reported the South China Morning Post . The People’s Bank of China published a draft law on Friday that would give legal status to the...