PANews reported on March 14th, citing Caixin, that Fu Xiguo, a National People's Congress (NPC) deputy and former head of the Liaoning branch of the People's BankPANews reported on March 14th, citing Caixin, that Fu Xiguo, a National People's Congress (NPC) deputy and former head of the Liaoning branch of the People's Bank

A proposal from a National People's Congress (NPC) deputy to revise the People's Bank of China Law: to clarify the legal tender status of the digital yuan.

2026/03/14 08:10
1 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on March 14th, citing Caixin, that Fu Xiguo, a National People's Congress (NPC) deputy and former head of the Liaoning branch of the People's Bank of China (PBOC), submitted a proposal to expedite the revision and promulgation of the "Law of the People's Republic of China on the People's Bank of China." The proposal argues that the current lack of clear legal regulations for the digital yuan (RMB) creates a legal vacuum regarding its issuance, circulation, and risk prevention. This leaves the central bank without a legal basis to effectively safeguard the security of the digital yuan's circulation and the rights of financial consumers. The revised "Law of the People's Bank of China" should clarify the legal tender status of the digital yuan and define the central bank's core responsibilities as the issuer. Furthermore, the new law should include acts such as counterfeiting and altering digital yuan within its scope, clearly defining corresponding legal liabilities and penalties to ensure the security of the digital yuan's circulation.

Market Opportunity
ConstitutionDAO Logo
ConstitutionDAO Price(PEOPLE)
$0.007139
$0.007139$0.007139
-6.10%
USD
ConstitutionDAO (PEOPLE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference

The post Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum’s new roadmap was presented by Vitalik Buterin at the Japan Dev Conference. Short-term priorities include Layer 1 scaling and raising gas limits to enhance transaction throughput. Vitalik Buterin presented Ethereum’s development roadmap at the Japan Dev Conference today, outlining the blockchain platform’s priorities across multiple timeframes. The short-term goals focus on scaling solutions and increasing Layer 1 gas limits to improve transaction capacity. Mid-term objectives target enhanced cross-Layer 2 interoperability and faster network responsiveness to create a more seamless user experience across different scaling solutions. The long-term vision emphasizes building a secure, simple, quantum-resistant, and formally verified minimalist Ethereum network. This approach aims to future-proof the platform against emerging technological threats while maintaining its core functionality. The roadmap presentation comes as Ethereum continues to compete with other blockchain platforms for market share in the smart contract and decentralized application space. Source: https://cryptobriefing.com/ethereum-roadmap-scaling-interoperability-security-japan/
Share
BitcoinEthereumNews2025/09/18 00:25
iZUMi Finance and Nasdaq-Listed Company CIMG Co-Launch $20M Upstarts Fund

iZUMi Finance and Nasdaq-Listed Company CIMG Co-Launch $20M Upstarts Fund

Singapore, Singapore, 18th September 2025, Chainwire
Share
Blockchainreporter2025/09/18 14:10
ETF Expert Says Spot XRP ETF Launching This Week Will Test Investors, Here’s How

ETF Expert Says Spot XRP ETF Launching This Week Will Test Investors, Here’s How

The first exchange-traded fund (ETF) providing direct exposure to XRP prepares to launch this week. Following the considerable attention already garnered by futures-based XRP ETFs, ETF expert Nate Geraci says this debut is a moment that will test the strength of investor interest. Many in the market now wait to see if the new fund […]
Share
Bitcoinist2025/09/18 05:00