News Snapshot:
However the launch of the central bank digital currency will not be soon, as a legal framework still needs to be created By Leo Jakobson While China’s tests of its digital yuan have been a huge success, a launch is not imminent, according to a governor of the nation’s central bank. Speaking at the Hong Kong Fintech Week conference on Nov. 2, Yi Gang, a governor of the people’s Bank of China, said nearly $300 million of digital yuan has been spent in various pilot programs, Reuters reported . The two billion digital yuan was spent in more than four...
