News Snapshot:
(Bloomberg) -- .China’s digital yuan will be further interlinked with mobile payment apps that have dominated the country’s retail transactions, according to China’s central bank governor..The People’s Bank of China will push to increase the digital yuan’s “interoperability with existing payment tools” and “improve the e-CNY ecosystem”, Governor Yi Gang said Tuesday during a virtual panel organized by the Bank of Finland Institute for Emerging Economies. E-CNY is the bank’s official name for its digital currency. .The PBOC will establish a management model for the virtual currency modeled on how cash and bank accounts are managed and will improve its...
