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China Drafts Law to Legalize Digital Yuan, Outlawing Competitors


China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...

Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency


As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. Russia’s Central Bank Plans Digital Ruble The central...

While China Is Already Testing CBDC, US's Goal Is 'To Get It Right'


Source: a video screenshot, Youtube/IMF Central banks are still more focused on risks of central bank digital currencies (CBDCs) while they're increasingly cooperating with each other in an attempt to investigate this potentially new form of local and cross-border payments, according to statements...

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