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Chinese central government wants to do ‘digital asset swaps’ as CBDC approaches

November 28, 2021
Source: bollyinside.com bollyinside.com
News Snapshot:
China’s policy-forming State Council has reported that it needs the country to launch Beijing-based digital asset trades to control the reception of its impending central bank digital currency (CBDC) project, the advanced yuan. The committee called upon monetary bodies to accelerate the pilots for the advanced yuan and asked commercial banks in the country to get ready for the up and coming beginning of exchanges with the People’s Bank of China (PBoC)- gave token. The capital has been told to take a gander at methods of making bourses for digital asset exchanging, “as part of broader efforts to boost financial...
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