As China’s Digital Currency development continues to progress, US lawmakers are asking athletes and the Olympic committee to prevent the use of Digital Yuan during the 2022 games.The 3 United States Senators signed a letter urging the committee to ban American athletes from making use of China’s new Central Bank Digital Currency (CBDC) during the…
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Three of the leading international forums for finance are promoting cooperation between central banks on CBDC development. A joint committee of the BIS Innovation Hub, the International Monetary Fund (IMF), and the World Bank has proposed keeping interoperability in mind while designing central bank digital currencies (CBDCs) to foster the growth of cross-border payments. Interoperability…