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China’s former CBDC chief is under government investigation

China investigating Yao Qian, the former head of the Digital Yuan project. Local media reports say Yao is under probe for “violations of discipline and law.” Yao Qian, a leading Chinese blockchain expert who previously spearheaded China ’s Digital Yuan program, is reportedly under government investigation . The Digital Yuan is a central bank digital currency (CBDC) project that sparked other countries towards similar efforts.  Local media reports say China ’s anti-graft agency is probing Yao for alleged “violations of discipline and law.” Ex-Digital Yuan boss under probe Yao led the Chinese central bank’s CBDC effort before exiting the PBOC in 2018 to join the Securities Regulatory Commission. On Friday, state-run news agency Shanghai Securities News, reported:   “ Yao Qian, Director of the Science and Technology Supervision Department and Director of the Information Center of the China Secu...

IMF chief calls for digitization to achieve “financial inclusion.”

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In the realm of crafting content, three critical elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness assesses the variability of sentences. Lastly, predictability measures the likelihood of anticipating the next sentence. Human-generated content tends to exhibit greater burstiness, incorporating a mix of lengthy and complex sentences alongside shorter ones. In contrast, AI-generated sentences often lean towards uniformity. Consequently, for the content you’re about to create, I’m seeking a substantial degree of perplexity and burstiness, coupled with a minimized predictability. Additionally, the requirement is to deliver the content exclusively in English. Now, let’s reimagine the provided text: In her inaugural address at the seminar on financial inclusion held in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva emphatically asserted ...