For several years now, China has been developing the digital yuan, the first cryptocurrency from a central bank and government in the world. And it’s nearing completion. Chinese online retailer JD recently began accepting it as a payment method as the government trials its use by giving citizens up to $3 …
Read More »UK to set up ‘pro-competition regime’ to rein in dominance of tech giants Facebook & Google
The UK’s Competition and Markets Authority (CMA) said on Friday that it would set up a “Digital Markets Unit” next year, intended to give consumers “more choice and control over their data” and to “help small businesses thrive,” among other goals. “Digital platforms like Google and Facebook make a significant …
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