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Digital Yuan Update: Bank of China drafts BNP Paribas to enhance Digital Yuan
BNP Paribas, a French banking leader, is joining forces with the Bank of China (BOC) to facilitate the use of China’s digital currency, the digital yuan (e-CNY), among its corporate clients, as reported by the South China Morning Post. This partnership is a signifiant milestone since China’s Central Bank spearheaded a pilot of the digital […]
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What is a Central Bank Digital Currency?
Imagine a world where digital currencies are not just an alternative to the traditional financial system, but a core part of it. Picture a reality where digital transactions are seamlessly integrated into your everyday life, and you can perform them with ease and security. This is the promise of Central Bank Digital Currencies (CBDCs), an […]
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