• digital yuan mandatory
    Individuals and businesses will be able to use digital yuan anywhere cash is accepted (Wikimedia Commons)
    Cryptocurrencies,  Regulation

    Acceptance of China’s upcoming digital yuan mandatory

    Businesses and individuals will be required to accept the central bank digital currency once it is launched, according to a representative of the People’s Bank of China

    September 14, 2020 /

    As a consequence of it being classified as part of the cash supply, the upcoming CBDC will have to comply with the laws that currently regulate cash. This includes the mandatory acceptance of the digital currency as a means of payment.

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  • All the most important people together: G20 Finance Ministers and Central Bank Governors meeting, Spring 2019 (via the Japanese Ministry of Finance).
    All the most important people together: G20 Finance Ministers and Central Bank Governors meeting, Spring 2019 (via the Japanese Ministry of Finance).
    Cryptocurrencies,  Regulation

    Beware of central bankers bearing crypto

    Central bank digital currencies are all the rage, but a new report finds they pose serious risks to financial stability in bad times—and to privacy at all times

    October 31, 2019 /

    Central bank digital currencies are all the rage, but making them work is far easier said than done, according to a new report. While there are many potential benefits from a central bank digital currency (CBDC), they also bring serious financial risks, according to IBM Blockchain and the Official Monetary and Financial Institutions Forum (OMFIF).

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