Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”
The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan.
HDBank has processed its first L/C transactions since joining the Contour platform for international trade.
A vast number of nations, including many G-7 members, want more rules for crypto.
Preliminary talks are underway to begin testing the e-CNY in the special administrative region of Hong Kong.
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.