/biz/ - Business & Finance

>>29194307
>>29194251

important reading: https://archive.org/stream/pdfy-kDIEdiqtnMyLWk6L/Psychic%20Self-Defense_djvu.txt

Xrp da standard

>>23564203
happening:
https://news.bitcoin.com/china-law-legalize-digital-yuan/


China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
China Drafts Law to Legalize Digital Yuan, Outlawing Competitors

China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether.

China Drafts Law to Recognize Digital Yuan
The People’s Bank of China published a draft law on Friday that gives legal status to its central bank digital currency (CBDC), the digital yuan. The central bank has also begun a public consultation on the draft law; comments can be submitted through Nov. 23.

“The legal currency of the People’s Republic of China is Renminbi [RMB],” the draft law states, adding:
The proposed revision, translated by journalist Wolfie Zhao, adds: “For anyone that violates such regulation, the PBOC will halt such activities and forfeit any proceed from the making and selling of yuan-backed digital tokens and issue a fine that is up to five times of the involved proceeds.”

Nikkei Asia reported that “The bill also bans organizations and individuals from making or issuing digital currencies, apparently over concern that managing the money supply would become difficult if virtual currencies issued by the private sector circulate in the market. As a result, such cryptocurrencies as Libra, which has been proposed by Facebook, may not be allowed in China.”

Meanwhile, China has been heavily testing the digital yuan. A public test was recently launched in Shenzhen where the authorities gave away 200 yuan (about $30) to 50,000 residents to spend at 3,389 stores."

what with all the hoopla about China getting first-mover advantage in the CBDC space, i wonder if this might light a fire under the digital dollar and digital euro.

>>23320863
trick question- he already is

the gods just dropped money on my head with this Uniswap token and I'm trying to swap it for ETH but the damn thing keeps saying "Failed: RPC error with payload"

I tried resetting my Metamask account, I don't think I have any pending transactions- at least none are showing up. What can I do? This is a free month's rent for me, which is sorely needed.