Kazushige Kamiyama’s appointment comes as the world’s third-largest economy makes a concerted effort to embrace financial innovation—and avoid being left behind.
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China's shot across the bow of its biggest digital payments allies/competitors (Photo: Gerd Altmann/Pixabay)Launching its own digital currency, China take aim at digital payment titans
The People’s Bank of China has called for an anti-trust investigation of Alipay and WeChat Pay, which together control 94% of the market. Is the forthcoming digital yuan responsible?
China is creating a digital currency that can be used for day-to-day payments. Now a new report claims the People’s Bank of China is trying to initiate an anti-trust investigation against the two firms that dominate this space: Alipay and WeChat Pay.
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Further digital euro experiments have been penciled in for the coming weeks (Photo: Pixabay/Gerd Altmann)France successfully tests digital euro
Further experiments are set to take place in the coming weeks, Banque de France said, as the global race to launch a central bank digital currency heats up
In Banque de France’s experiment on May 14, a blockchain developed by its team was used to settle an issue of digital securities by Société Générale. Covered bonds worth $44 million were issued as security tokens directly registered on a public blockchain.