News Snapshot:
In a bid to advance the national integration of its Central Bank Digital Currency (CBDC) dubbed the Digital Renminbi (e-CNY), Chinese authorities are reportedly mounting pressure on McDonald’s as well as other American firms to expand their acceptance of the e-CNY. Before this time, McDonald’s has been receiving payments through the digital Renminbi in about 270 of its locations in mainland China. Still, the recent reports indicate that Chinese authorities want the firm to expand to more outlets in the nation. While McDonald’s said that there is no pressure on it as claimed, sources who spoke to the Financial Times...
