News Snapshot:
China proposes global rules for central bank digital currencies Fargo, ND, USA / Y94 Mar 25, 2021 7:37 AM By Tom Wilson and Marc Jones LONDON (Reuters) - China proposed a set of global rules for central bank digital currencies on Thursday, from how they can be used around the world to highly sensitive issues such as monitoring and information sharing. Global central banks are looking at developing digital currencies to modernise their financial systems, ward off the threat from cryptocurrencies like bitcoin and speed up domestic and international payments. China is one of the most advanced in its effort....