In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider.
Central bank digital currencies can have broad implications for the global balance of power, experts say.
The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation’s dictator.
Short-sellers help identify weaknesses in capital markets. Bitcoin helps us see what’s wrong with the financial system.
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.
U.S. Treasury department officials are wrangling with how to focus a coming set of crypto tax rules.
Outgoing U.S. President Donald Trump has nominated Acting Comptroller Brian Brooks to take on a more permanent role leading the bank regulator.
At an event Monday, FinCEN staffers discussed the “why” of a new proposal that has crypto fans concerned.