China's proposed digital currency may be used beyond its shores and it's worth the interest of countries like the US whose regulatory ambit won't cover such transactions, a former chief economist at the IMF has suggested in an interview. Though China's digital currency electronic paymen...
As Mark Zuckerberg testifies in Congress today, October 23, 2019, about Libra, the prevailing question is no longer if digital assets will go mainstream, but how they will do so and who will control them when they do. In one corner is the U.S. government. Inspired by and fearing ...
The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the loc...
Huawei founder Ren Zhengfei believes that China can issue a Libra-like currency to take the lead in the blockchain sector. Huawei, the world’s No.1 telecom supplier and No.2 phone manufacturer, is currently making some of the biggest waves in the wireless industry, and meanwhile running ...
China’s interest in Facebook’s Libra immediately spiked in response to the company’s intention to compete in its payment solution with Chinese payment giants Alipay and WeChat Pay during the hearing on Libra with the Financial Services Committee of the United States House of Repre...
People’s Bank of China, the country’s central bank, has been reportedly stepping up its effort in creating its own central bank digital currency (CBDC) in response to Facebook’s Libra. The topic has now been one of the most trending hashtags on Weibo (Twitter-like social media in Chi...
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