China demonstrates firm commitment to advancing CBDC... Establishes international operations center for e-CNY in Shanghai
Suehyeon Lee
Summary
- China has reaffirmed its commitment to promoting Central Bank Digital Currency (CBDC).
- Pan Gongsheng, Governor of the People's Bank of China, announced that an international operations center for e-CNY will be established in Shanghai.
- The United States is accelerating its legislative process by opting for stablecoins instead of CBDCs.
China has reaffirmed its commitment to promoting Central Bank Digital Currency (CBDC).
On the 18th (local time), according to Cryptopolitan, Pan Gongsheng, Governor of the People's Bank of China, announced at the Lujiazui Forum that an international operations center for e-CNY will be established in Shanghai.
Meanwhile, the United States is accelerating its legislative process by opting for stablecoins instead of CBDCs. The Genius Act, a stablecoin bill in the United States, recently passed the Senate and is now awaiting a vote in the House of Representatives and the signature of President Donald Trump.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
