“China’s Digital Yuan: The Race for Central Bank Digital Currencies (CBDCs) and the Future of Global Finance”
China has emerged as a global leader in CBDC development with the successful launch of the digital Yuan. The People’s Bank of China’s proactive approach, technological advancements, and focus on using blockchain for CBDC implementation have positioned China at the forefront of global CBDC efforts, drawing admiration and criticism in equal measure.
Credit Suisse’s reputation was shattered in February 2022 when a leak, titled “Suisse Secrets,” surfaced online, revealing the information of more than 30,000 Credit Suisse clients. Several customers were allegedly involved in serious crimes. Consequently, many organizations began to question the legitimacy of Swiss banks and their policies.
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Without his contribution, the Bank of America wouldn’t have emerged