China Talks Alternative Financial Infrastructure as Digital Yuan Rollout Nears

Dec 17, 2021

China’s rumoured plan to ditch the U.S. dollar as its main currency for trade settlements may be about to be realized. China and Russia say they have agreed to speed up work on running an independent trade network that would enable their respective economies to rely less on the U.S.-led i...

Digital Yuan As Potential Challenge to Global Economic Order

Dec 6, 2021

Japan is calling for a ramp up of efforts toward issuing a digital currency to somewhat be in readiness for China's digital yuan rollout which a global capital market insider says could be "the largest risk to the US national security and the West."  The Japanese government has reported...

From US Senator to Exchanges, Responses Trail China’s Crypto Condemnation

Sep 27, 2021

U.S. Senator for Pennsylvania, Pat Toomey, has joined in responding to China’s declaration of all crypto-related transactions in the country as illegal.  The People’s Bank of China announced on Friday that a set of new measures including the establishment of departmental coordinat...

Bobby Lee Highlights Key Differences in China and US Crypto Markets  

Sep 3, 2021

  One of the founders of China’s first crypto exchange, BTCC, has hinted on some of the factors that he thinks distinguishes China’s crypto market from that in the US. Bobby Lee, who now runs crypto wallet startup, Ballet, said in the interview that it’s now clear that Chi...

On US Falling Behind China Regarding Blockchain Payment 

Aug 1, 2021

A top executive of the first cryptocurrency fund in the U.S. has said that China is years ahead of the U.S. in terms of blockchain payment. Pantera Capital CEO, Dan Morehead, told Yahoo Finance that he agrees that the U.S. system is falling behind China which has been leading wi...

Why US May Raise Digital Yuan Concerns as Senior Diplomat Visits China

Jul 22, 2021

Brewing concerns over digital yuan use by individuals or entities in or outside China could make the list of key issues the US Deputy Secretary of State, Wendy R. Sherman, will discuss while in China later this week. A media note from the Department states that the Deputy Secretary w...

US Reps Highlight Likely Digital Dollar’s Edge Over Yuan

Jun 16, 2021

How a U.S. digital dollar could gain an edge over China’s yuan was the topic of discussion on Tuesday June 15 in the US House of Reps.  Several experts were on hand to testify before the House Committee on Financial Services Task Force on Financial Technology regarding “Dig...

Digital Yuan More About Data, China’s Financial System Weak to Displace Dollar

May 13, 2021

China’s international ambition for the yuan is one of the headlines of a recent panel discussion put together by the Atlantic Council where the digital yuan’s planned use is discussed as well as its possible rollout being framed as a China vs. US conversation. For Yaya Fanusie, a Seni...

China Trying to Dominate Blockchain, Control Digital Universe

Apr 16, 2021

In the wake of Coinbase’s historical debut as the first crypto company to make its stock market debut through a direct listing on the Nasdaq on Wednesday April 14, a former Trump administration Trade and Manufacturing Policy assistant Peter Navarro has argued on Wednesday that China is...

China’s CBDC Push Now Seems to Worry US

Apr 15, 2021

There are indications that China’s being poised to be the number one major economy to issue a central bank digital currency is now a concern for the US government going by a Bloomberg report which says US officials are eager to know how the digital yuan would be distributed. Citing anony...