US legislators have proposed the development of a US dollar digital currency that will rival the soon-to-be-launched Yuan cryptocurrency. According to the lawmakers, the move would help secure the USD’s position on the global market. The general consensus is that a...
The Takeaway: A review of over 50 patent applications submitted by the People’s Bank of China shows the design of its central bank digital currency will only resemble a cryptocurrency in limited ways. A senior official at the central bank said the effort will be...