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...
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...
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...
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...
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...
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...
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...
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...
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...
The President of the U.S. Chamber of Digital Commerce has highlighted reasons why she thinks the U.S. has to keep up in the digital currency space in the face of existential dominance threat from China. Perianne Boring, while talking about what the Chinese government is doing, not...
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