News Snapshot:
China has debuted the first digital currency backed by China, digital yuan This payment system was introduced in Xiong’an New Area This will be the first blockchain-powered CBDC for payments of salaries China’s stance on cryptocurrencies is clear despite the rumors. After the rumors that Bitcoin was banned in China, China came out with its own central bank digital currency, the digital yuan. This proved to the first step by China towards the acceptance of cryptocurrencies. This fact was first reported by the People’s Bank of China or PBoC. This news has spread like wildfire. The official website of Xiong’an...
