China expands CBDC’s tentacles, Malaysia is HK’s new crypto rival: Asia Express
China expands CBDC’s tentacles, Malaysia is HK’s new crypto rival: Asia Express
On July 4, Xinhua News Agency, China’s state broadcaster, published a transcript of President Xi Jinping’s address to the Shanghai Cooperation Organisation Summit (SCO). The SCO is one of the world’s largest regional organizations for political, economic and security cooperation, and was established by China and Russia in 2001.
During the speech, President Xi welcomed Iran as a full organisation member, and praised the move for Belarus to join. He also talked up the importance of central bank digital currencies (CBDCs):
Chinese president Xi Jinping during the Shanghai Cooperation Summit (CCTV) Read also Features Features Multichain was one of the largest cross-chain protocols before the onset of the 2022 crypto bear market. (DeFi Llama)A Game Dosi NFT image (Twitter) Subscribe The most engaging reads in blockchain. Delivered once a week.
