China’s Digital Yuan to Defend State Monopoly on Money – Central Bank

Central bank digital currencies (CBDCs) like the Chinese digital yuan project may well bring centralization of money to a whole new level, an article by a top Chinese central bank official reveals.
In the article, written by People’s Bank of China (PBoC) deputy governor Fan Yifei for the bank’s Financial News newspaper, it was made clear that the primary goal of the  Read more »
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