No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency. Go to Source Powered by WPeMatico
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At least 3 nations to replace their currency with CBDC by 2030: report
The digital yuan will not unseat the U.S. dollar — at least not right away. Go to Source Powered by WPeMatico
Digital cold war? United States and China vie for blockchain supremacy
As the tech standoff heats up, China launching a CBDC before the U.S. “absolutely does not guarantee global financial preeminence.” Go to Source Powered by WPeMatico
China plans to use its digital yuan at the 2022 Winter Olympic Games
Details about the official launch date still remain murky. Go to Source Powered by WPeMatico
The US is losing the ‘tech cold war,’ warns Ripple co-founder
China can reverse Bitcoin transactions, a Ripple exec said. Go to Source Powered by WPeMatico
Why the Rise of the CBDC Is Bad for Your Privacy
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit … Read more
China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
State-owned commercial banks in China are reportedly testing a wallet for the country’s forthcoming digital yuan. Go to Source Powered by WPeMatico
Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing
As the development of the digital yuan project progresses, the number of China’s largest companies testing the national cryptocurrency is rapidly growing. Go to Source Powered by WPeMatico
Ride-Hailing Giant DiDi Joins China’s Digital Yuan Project
The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan. Go to Source Powered by WPeMatico
Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia
China’s CBDC wants to displace the US dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. Go to Source Powered by WPeMatico
