News Snapshot:
China should take a lead role in creating international rules on digital currencies to help expand global settlements using the yuan. That was the message from prominent Chinese academics who spoke at the China International Fair for Trade in Services at the weekend, where the country’s digital currency, known as the e-CNY, and efforts to internationalise the yuan took centre stage. Beijing has high hopes for the e-CNY, which has been piloted across the country and been used by tens of millions of Chinese. Authorities are keen to promote its use in international transactions amid risks of US financial decoupling,...
