News Snapshot:
China May Target Tether after Digital Yuan Launch – B2C2 Japan CEO March 12, 2021 Source: Adobe/S.Gvozd Tether (USDT) could emerge as an unlikely target for the Chinese central bank, the People’s Bank of China (PBoC), when it rolls out its digital yuan ahead of next year’s Winter Olympic Games, an industry player has opined. Speaking to Bloomberg ( via Sankei Biz), Philip Gillespie, the CEO of the crypto liquidity provider B2C2 Japan stated that the Chinese authorities might seek to ban the USD-pegged stablecoin – presumably in an effort to drive up the usership rates of the forthcoming central...
