Australian senator introduces bill to regulate e-yuan
International use of the CBDC viewed as boosting China’s strategic power
Australian senator Andrew Bragg has introduced a bill to impose reporting requirements for Chinese banks that may make the e-yuan available in Australia.
Bragg, of the conservative Liberal party, chaired Australia’s parliamentary select committee on technology and finance last year. However, since there has been a change in government, he introduced the draft law as a private members’ bill, as he does not hold a governmental position.
The Digital Assets (Market Regulation) Bill 2022
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