Digital currencies may replace cash, China evades chip limits
Today ChatGPT read 1297 top news stories. After removing previously covered events, there are 2 articles with a significance score over 7.
[7.2] IMF says central bank digital currencies can replace cash — CNBC
Kristalina Georgieva, managing director of the IMF, stated that central bank digital currencies (CBDCs) have the potential to replace cash, offering resilience and improving financial inclusion. Over 100 countries are exploring CBDCs, with 11 already adopting them, and 53 in advanced planning stages.
[7.1] Chinese companies bypassing US export curbs for chipmaking — Reuters
Chinese companies are circumventing U.S. export curbs to acquire advanced chipmaking equipment, as per a congressional report. The report criticizes the effectiveness of the Biden administration's restrictions and highlights loopholes allowing imports. Despite efforts to restrict exports, China imported $3.2 billion worth of semiconductor manufacturing machines from the Netherlands in 2023, a 96.1% increase from 2022.
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