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Tag Archives: US-China

China’s CBDC Push Now Seems to Worry US

Apr 15, 2021

Olusegun Ogundeji

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...

Fintech, Blockchain, DCEP Key to BRI’s Risks to US Interests

Mar 25, 2021

Olusegun Ogundeji

The Belt and Road Initiative (BRI) presents significant risks for U.S. economic, political, climate change, security, and health interests, the Council on Foreign Relations (CFR) has said in a new report. Among these risks are those stemming from China’s growing financial techno...

Digital Yuan Aims for USD, Needs to Win AliPay and WeChatPay First

Feb 19, 2021

Olusegun Ogundeji

There have been talks of China’s digital yuan or digital currency electronic payment (DCEP) project aiming to challenge the US dollar dominance on the world stage but a senior fellow at the Peterson Institute for International Economics has said that the digital currency would have to c...

Ethereum’s Vitalik Buterin on US-China, Taiwan and Crypto

Feb 18, 2021

Olusegun Ogundeji

In an interview with NFX’s Morgan Beller, Ethereum’s Vitalik Buterin suggests that the conflict between the US and China could see Vietnam benefit more while also providing an opportunity for cryptocurrency to flourish.  Based on his vast knowledge of the Asian region, Buterin ...

Ethereum-Compatible Quorum Connects BSN to Serve 80 Chinese Cities

Jan 28, 2021

Olusegun Ogundeji

ConsenSys has partnered with China’s Blockchain-based Service Network (BSN) to make its Quorum open-source protocol layer for building Ethereum-based enterprise solutions more accessible for enterprises and government organizations in about 80 Chinese cities. Quorum provides the ent...

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...