Coinnounce
2020-10-29 06:02:07

The People’s Bank of China seeks to legalize digital yuan and ban other yuan backed stablecoins.

The People’s Bank of China seeks to legalize digital yuan. The central bank also proposed banning any yuan-pegged digital tokens in the new draft, effectively killing off any competitor to its central bank digital currency. PBoC published a statement late last week soliciting feedback from the public on the new draft law. Citizens have until […]

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