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Tag Archives: US-China

US Not in Race With China to Issue CBDC

Oct 20, 2020

Olusegun Ogundeji

The U.S. has made its stance clear on the country's intention regarding the issuance of a central bank digital currency (CBDC): the world's largest economy is not in a race to issue a digital version of the U.S. dollar and will do it when deemed appropriate. The clarity was presented by th...

China’s Digital Yuan Could Overtake Euro Sooner

Sep 24, 2020

Olusegun Ogundeji

The euro would likely be overtaken by the Chinese digital yuan if the European Union does not create its own state digital currency by 2025, an independent non-profit European research institute focused on blockchain research, has predicted in a report examining the issue of central bank digit...

China to Follow U.S., Europe in 2020 Blockchain Spending – IDC

Sep 16, 2020

Olusegun Ogundeji

China will be behind the U.S. and Western Europe this year in terms of spending on blockchain solutions, a new update by the International Data Corporation (IDC) Worldwide Blockchain Spending Guide has shown. The U.S. is expected to spend more than $1.6 bln to be the largest geogra...

Rising US-China Tension May Impact Crypto Market Again

May 30, 2020

Olusegun Ogundeji

Tension between the U.S. and China is rising again and there is an indication that it could lead to a full-blown financial tussle which could invariably have an impact on the cryptocurrency market. It's likely the U.S. Treasury Department could impose controls on transactions and freeze ...