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Digital Yuan
US Lawmakers Introduce Bill to Require Digital Dollar Updates
A bipartisan bill would require the U.S. Treasury secretary to publish a report on the dollar's role in the global economy, as well as how central bank digital currency efforts are proceeding.
PayPal Exec: Most Central Banks Don't Have Appetite to Own Technology
During a 1:1 session at Consensus 2021, PayPal's VP & GM, Blockchain, Crypto and Digital Currencies, Jose Fernandez da Ponte, believes central banks know what they are doing on the technology side but doesn't think they have an appetite to own the technology stack and handle millions of consumer accounts.
China's CBDC Could Give Beijing 'Leeway for Economic Retaliation,' Says National Security Expert
Yaya Fanusie also believes that fears the Chinese CBDC would undermine or displace the U.S. dollar as the world's reserve currency are "overblown."
Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech
China’s Chutian Dragon, a smarts cards manufacturer, is reportedly making a card-based wallet for the digital yuan with fingerprint identification technology. “The Hash” panel weighs in on the global direction of central bank digital currencies (CBDCs), surveillance, and tracking.
Card-Based Digital Yuan Wallet Manufacturer to Use Fingerprint ID Tech
The new digital yuan wallet will require users’ biometric information to enable payments.
BCH Gets the Nod from Japan; Digital Yuan Travels to the Countryside
While Bitcoin Cash surges, we talked to a Japanese coffee shop owner who just started accepting BCH as payment yesterday. Buying bubble tea with a digital yuan China’s DCEP pilot program continues to expand. Police in Korea are told no to crypto, but who will police the police?
Ant Group Confirms It Is Helping China With the Digital Yuan
Jack Ma's Ant Group confirmed that it has been working on the digital yuan project with China's central bank since at least last year, providing the People's Bank of China access to its database technology and payment tools. Nik De breaks it down. Plus, the House passes the first major crypto-specific legislation aimed at breaking down barriers to innovation.
Ant Group Shares Exclusive Database Tech to Grow China’s E-Yuan
Internet giant Ant Group, which owns mobile payment leader Alipay, says it will offer technical support to help China roll out its digital currency. JD.com, a leader in China’s e-commerce space, reveals that it’s started paying some employees with the DCEP.
PBoC Softens Tone Toward Bitcoin, Stablecoins, Calling Them 'Alternative Investment'
The deputy governor said bitcoin and stablecoins were investment options and not currency during the Boao Forum on Sunday.
Dogecoin Swells Over 80% in Asia Hours; China’s CBDC Pilots Turn One
Dogecoin prices surged during Asia trading hours, thanks to celebrity hype from Tesla CEO Elon Musk and fellow billionaire Mark Cuban.