News Snapshot:
China Proposes Global Rules for Managing Sovereign Digital Currencies China Proposes Global Rules for Managing Sovereign Digital Currencies April 4, 2021 Posted by China Briefing Reading Time: 3 minutes China’s Central Bank has proposed the application of global standards for the coming influx of sovereign digital currencies at the 2021 Bank for International Settlements (BIS) Innovation Summit held at the end of March. The outlined plan, titled ‘Global Sovereign Digital Currency Governance’ encompasses cross-border digital transactions, risk supervision, use and ownership of data, and other related financial and risk issues. Mu Changchun, a director of the Digital Currency Research Institute...
