US senators sound alarm over China’s digital yuan, Russia SWIFT sanctions
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Nine U.S. senators are backing a bill that aims to crack down on China’s central bank digital currency (CBDC), the e-CNY or digital yuan, which they claim could allow Russia to bypass financial…
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Three Republican senators have introduced a bill seeking to prohibit app stores from hosting apps that enable transactions in China’s digital yuan Senators Tom Cotton, Mike Braun, and Marco Rubio... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
Key Highlights China’s commercial banks will start paying interest on digital yuan wallets from January 1, 2026, to encourage wider public and business use. Digital yuan balances at banks will earn interest and get deposit insurance, making them similar to regular bank deposits. The system will run through banks under…