Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Lenipiw on September 16, 2020, 09:25:44 AM
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The digital renminbi is legally compensatory to China’s fiat currency. China’s central bank digital currency (CBDC) known as the digital yuan should be regulated in line with cash-related laws, according to a senior exec at the country’s central bank.
In an opinion article on Sept. 14, Fan Yifei, a deputy governor of the People's Bank of China (PBoC), outlined the major regulatory principles for the operation of the digital yuan. the digital representation of the official currency of the People’s Republic of China.
Source: https://cointelegraph.com/news/no-one-can-refuse-china-s-digital-currency-says-central-bank-exec