News Snapshot:
In brief - The Chinese central bank said its evolving digital yuan can be programmed with smart contracts. - It will also respect anonymity… as long as laws permit it. The Chinese central bank’s digital yuan will have “smart contract programmability.” But the bank said its new currency, which is controlled by the central bank, is nothing like smart contract-enabled cryptocurrencies like Ethereum. The digital yuan is the People’s Bank of China’s central bank digital currency (CBDC)—a digital version of a fiat currency. It’s the world’s largest CBDC project, and is currently being piloted. In a progress report published today,...
