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Tag Archives: central bank digital currencies CBDC

With SWIFT, China’s Digital Yuan on Verge of Being Globalized 

Feb 7, 2021

Olusegun Ogundeji

After a series of major tests within its borders, China’s Digital Currency Electronic Payment (DCEP) project seems to be on the verge of being taken across borders following Thursday’s news of a joint venture with the global system for financial messaging and cross-border payments, SW...

China’s DLT Efforts Will Be Politicised

Dec 18, 2020

Olusegun Ogundeji

China’s head start in the distributed ledger technology (DLT) space will see its efforts politicised at some point, the CEO and co-founder of a decentralized public network powered by DLT has said. Hedera Hashgraph’s Mance Harmona said in the inaugural Forkast Forecast that though ... Breaks New Grounds With China’s CBDC Involvement

Dec 7, 2020

Olusegun Ogundeji

The proposed testing of China’s central bank digital currency (CBDC) in Suzhou is going to involve the fintech arm of accepting digital yuan as payment for some products on its online mall, the Chinese e-commerce company has said. JD Digits will participate in the Suzhou pro...

CBDCs Like China’s DC/EP to Face Problem of Accumulated Balances

Nov 5, 2020

Olusegun Ogundeji

A major problem is bound to beset the wider use of China's central bank digital currency (CBDC) as well as others being pursued by G20 economies, a financial expert has said. Yana Afanasieva CEO of Competitive Compliance notes that digital wallets being used to store value could end up...

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...

PBoC Shares “Positive Progress” of CBDC Pilot Programmes

Oct 6, 2020

Olusegun Ogundeji

A deputy governor at the People's Bank of China (PBoC) has hinted at what he describes as “positive progress” for the pilot programmes rolled out in batches for China's Central Bank Digital Currency (CBDC) over the past year. Fan Yifei disclosed at the ongoing Sibos 2020 conf...

Different Angles to China’s Digital Currency Plan

Sep 27, 2020

Olusegun Ogundeji

Chandler Guo may have been at the forefront of contributing to Bitcoin's success including investigating in its mining operations, he now sees China's Digital Currency/Electronic Payment (DC/EP) as a potential payment system that could become the dominant global currency. "One day ev...

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...