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U.S. wants to ban digital yuan

Republican senators intend to ban U.S. marketplaces from hosting programs that allow payment in digital yuan, under the pretext that it would allow Chinese authorities to track the activities of Americans.

According to the U.S. senator's office, the digital yuan e-CNY could provide the Chinese government with the ability to "track all transactions on the Network in real time, creating privacy and security concerns for Americans who join the Network."

The announcement came after WeChat, an app owned by Chinese tech giant Tencent with more than 1.2 billion users, announced it would begin supporting the currency in early 2021.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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