⚡ INSIGHT: Chinese New Year sees gifts of digital yuan to boost consumption, tradfi in Korea and Japan races to acquire crypto exchanges.Asia Express via Cointelegraph Magazine https://t.co/VlqVZc91ax ...

The Clarity Act didn't fail because of regulatory disagreements—it died because banks are terrified of a $6.6 trillion deposit exodus. Your savings account pays 0.07% while banks invest your money in Treasuries earning 3.6%, pocketing the 3.5% spread. Stablecoins were about to expose this by passing actual yields to holders, so the banking lobby killed the bill with a provision banning stablecoin interest. Coinbase CEO Brian Armstrong called it a "kill switch" and withdrew support, collapsing the entire bil ...

🚨JUST IN: CHINA’S CENTRAL BANK OPENS DIGITAL YUAN OPERATIONS CENTER IN SHANGHAI TO BOOST CROSS-BORDER PAYMENTS AND GLOBAL ADOPTION ~ BLOOMBERG ...

Digital Yuan Development - China's central bank establishes digital yuan operations center in Shanghai [1] - Center features platforms for cross-border payments, blockchain technology, and digital assets [1] Global Adoption - Initiative represents a step towards global adoption of China's digital currency [1]

Digital Currency & Attractiveness - The digital yuan's success hinges on the yuan itself becoming attractive [1] Expert Insights - Patrick_TanKT's insight on digital yuan is highlighted [1] - ChorzempaMartin and savannah_fortis are discussing China's stablecoin push [1]