TD;LR Breakdown China begins massive digital Yuan allocation in Chengdu. Chinese Digital Yuan becomes the leading CBDC. Digital Yuan, not a threat to other centralized digital payment platforms according to PBoC. The People’s Bank of China (PBoC) has announced that it will begin the roll out of its digital currency in Chengdu, China. This is […]
China is leading the race to launch the world’s first fully adopted Central Bank Digital Currency (CBDC). It had earlier announced the commencement of trials for its digital yuan. The government gave out digital yuan to citizens as part of the test, encouraging retailers to accept it as a payment medium. After completing the initial … Continued
According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion...
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Specifically, the data platform...
