People’s Bank of China Rolls out New Draft Law to Legalize Digital Yuan

China rolls out new draft laws that will make legal arrangements for digital yuan and warn private companies not to issue yuan-based stablecoins. The People’s Bank of China (PBOC) publishes a draft bill in order to legalize incoming central bank digital currency (CBDC) known as digital yuan. It wil…

By Hassan Mehmood · Updated Oct 25, 2020