SEC Archives - Markets Wired marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
International Business News: Republican Senator Steve Daines said India is the "fastest-growing" FinTech market in the world and far ahead of the US in terms of financial innovati
India fastest-growing FinTech market, ahead of US in financial innovation: Senator Steve Daines
PTI
Washington |
Updated on
×
The senator from Montana said the US faces a challenge from China, which has launched a digital Yuan
Republican Senator Steve Daines said India is the fastest-growing FinTech market in the world and far ahead of the US in terms of financial innovation.
The senator from Montana said the US faces a challenge from China, which has launched a digital Yuan, which they hope will one day displace the dollar as the world s dominant reserve currency. Even beyond the digital Yuan, it s no secret that China and many other countries are well ahead of us with regard to financial innovation, he said during a Congressional hearing by the Senate Banking, Housing and Urban Affairs Subcommittee on Economic Policy on Central Bank Digital Currency.