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” WeChat integrates digital yuan into its payment platform “ WeChat, China’s leading social networking and payment app, has added the country’s central bank digital currency (CBDC), to its payment services, according to reports in local media. The move aims to help broaden the appeal of the digital yuan. WeChat now supports the fast payment…
” China announces plans for new national financial regulator “ The Chinese government has plans for a governmental overhaul, according to a new announcement. This includes introducing a new national financial regulator. On Tuesday, March 7, the government announced that its current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will…
” CZ denounces false rumor ‘widely’ spread on China’s WeChat “ Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet. In a Mar. 4 tweet, CZ addressed the false speculations…
The Hill’s Morning Report — Voters send Democrats stern warnings on crime Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy….
” Hong Kong citizens not interested in digital yuan: Reports “ The Chinese government’s beloved project of central bank digital currency (CBDC) has not sparked much enthusiasm in the citizens of Hong Kong. In the first four days since the “digital yuan” (also known as “e-CNY”) hard wallets became accessible to the islanders, only 625…
” US lagging on CBDCs could spell ‘trouble’ — Crypto Council policy head “ A cryptocurrency researcher and former CIA analyst believes the United States government’s relatively slow start on Central Bank Digital Currency (CBDC) development may result in it losing grip on controlling the global financial system. Yaya Fanusie, the policy head at the…
” United States CBDC would ‘crowd out’ crypto ecosystem: Ex-Biden adviser “ The creation of a United States digital dollar would “crowd out” the cryptocurrency ecosystem and protect the national security of the U.S., according to a former top adviser in president Joe Biden’s administration. Daleep Singh — a former deputy national security adviser for…
Five takeaways from the big COVID-19 ‘lab leak’ story The tangled story of the origins of the COVID-19 pandemic has taken a new twist. On Sunday, the Wall Street Journal revealed that the Department of Energy had shifted its position, now holding that the most likely source of the virus was a laboratory mishap, presumably…
Paul calls for declassifying documents showing that COVID came from Chinese lab Sen. Rand Paul (R-Ky.), the ranking member of the Senate Homeland Security Committee, says the Biden administration should declassify classified documents showing that scientists at the Department of Energy believe COVID-19 leaked from a lab in Wuhan, China. “Classified documents leaked (they…
What we know about Energy Department’s lab leak conclusion The Wall Street Journal reported on Sunday that the Energy Department has concluded with “low confidence” that the COVID-19 virus emerged from a laboratory in China. The newspaper, citing a classified intelligence report, said the Energy Department’s new position adds to divisions within the intelligence community…