Business
China is on track to unveil a digital currency that it hopes could challenge dollar dominance – ABC News
Remember when Facebook planned to launch its own digital currency Libra? Well, its plans have stalled but China has raced ahead building a digital yuan controlled…
In October 2019, Facebook CEO Mark Zuckerberg sat before the United States House of Representatives Financial Services committee and endured a barrage of scrutiny.
Key points:
- China has one of the most advanced digital payment systems in the world and their use is widespread
- Experts say China’s Digital Currency Electronic Payment is the opposite of Bitcoin as it is about control and regulation
- Beijing has been trialling the central bank-backed digital currency since last year, and has offered incentives…
Continue Reading
-
Noosa News21 hours agoAccessible parking audit | Noosa Today
-
Business21 hours agoHow I’d invest $250,000 in Australian dividend stocks to never worry about money again
-
Noosa News14 hours agoJaye Lee Walton, charged with manslaughter over death of baby boy, has matter heard in court
-
General20 hours agoEconomists point to tariffs as US prices edge up