News Snapshot:
09 The rise in bitcoin's exchange price has benefited China and its digital yuan project, which is being actively pursued and promoted by the country's central bank, the People's Bank of China (PBOC), according to CNBC. This view is shared by monetary regulators in several countries. pxhere Work on the implementation of the digital yuan began in 2014. The PBOC stresses that it is a digital version of fiat (traditional) currency, not a new cryptocurrency. The main characteristic of the digital renminbi will be its issuance by the central bank. The new currency will not be based on blockchain technology....
