Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash?
The United Kingdom has announced forthcoming regulatory proposals for stablecoins and ongoing research into CBDC.
