After its usage at the 2022 Winter Olympics in Beijing, China seems to be preparing to extend its central bank digital currency (CBDC) pilot programme to yet another event of global relevance, the 19th Asian Games Hangzhou 2022. Slated for between September 10 and 25, six of the c...
The city of Shanghai is seemingly reaching a new height in its effort to position itself as a major player in China’s race to gain greater influence in digital-age global governance particularly with the use of its digital yuan. As the Feb 2022 proposed launch date for China’s central b...
The head of the blockchain research team of Internet Finance Association of China, Li Lihui, has called for the digital renminbi (e-RMB) to be made the best central bank digital currency (CBDC) in the world, according to local media reports. Lihui made the submission at the 2021 G...
As the rise of digital money continues globally, including growing interest in central bank digital currency (CBDCs) like China’s digital yuan, the International Monetary Fund (IMF) has said it has to brace itself to be able to “monitor, advise on, and help manage this far-reaching and...
China’s central bank digital currency (CBDC) push is merely bringing to life what could be considered an extension of what cryptocurrencies could achieve, a fintech and China expert has suggested. Richard Turrin, author of ‘Innovation Lab Excellence’ and ‘Cashless’, a book on C...
China’s digital yuan may become a key risk to the euro’s international role, the European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau has said. Villeroy, who is also the Bank of France governor, urged EU policymakers to act on the region’s payment s...
Regardless of what the market outlook says, China is still committed to digital currencies and blockchain technology, the general partner of a top private American venture capital firm has said. Andreessen Horowitz’s Katie Haun made the view known to CNBC last week when asked what s...
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...
A new Bank for International Settlements (BIS) study has shown that almost a third of central banks surveyed are considering making central bank digital currencies (CBDCs) interoperable by forming multiple-CBDC (m-CBDC) arrangements. More central banks leaning in this direction ...
In the wake of a rebuttal by the former director of the digital currency institute that its DC/EP is not to monitor citizens’ payments, two China-focused media reports have highlighted some of the drawbacks to the CBDC. Yao Qian, a former People’s Bank of China (PBoC) official, ...
English
Chinese
