Firms that are timely prepared for the rollout of China’s digital currency electronic payment (DC/EP) project stand to benefit in about five ways from the effect it will have on the global economy, two authors have shared on the London School of Economic Business Review blog page. Jem...
The time for China to focus more on using its own financial messaging network to settle cross-border transactions in the mainland, Hong Kong and Macau is near, a new report by BOC International (BOCI) has suggested. Co-authored by a former director of the international payments departm...
Authors: Aditi Kumar, Jeremy Ney, Eve Lee, Victor Ji China piloted a national digital currency in April 2020. The European Central Bank has convened a working group of major economies to coordinate digital currency research and development. The U.S. Federal Reserve said it was...
On May 5, Li Lihui, former president of the Bank of China and the head of the blockchain research group of China Internet & Finance Association, gave a live program entitled "Digital Currency: Possible Reconstruction of the Global Monetary System" on People’s Daily Online. ...
March 2020 witnessed the most volatile day in the price of cryptocurrency ever. Hence it was no surprise the Ethereum DeFi dapp category – as tracked by DappRadar also experienced an all-time high in terms of daily active unique wallet activity. As previously discussed. 12 March 2020 sa...
A clear endpoint seems not to be in sight for the growing new coronavirus outbreak thus raising suggestions that COVID-19 can be transformative for the future with a global impact on the conventional way day-to-day work is carried out. Its spread has affected several industries globally wi...
Compared with the digital currencies that have been issued or are being developed like Libra, the digital currency of China’s central bank is the only one that explicitly requires "dual offline payment". China’s central bank has put forward a set of plans. ICBC (Industrial and Commercial...
The growing impact of the coronavirus has brought to fore what could be a considerably clear usecase for Chinese digital currency as China battles a deadly outbreak. At a press conference on Saturday Feb. 15, the deputy governor of the People’s Bank of China, Fan Yifei, confirmed that th...
China's economy and its proposed digital currency were talking points on Tuesday Feb. 11 as the chair of the US Federal Reserve testified before the Congress to start a two-day questions and answers session about the health of the US economy. Jerome Powell was quizzed on US preparednes...
Barely days after the US suggests the possibility of a Fed-issued digital coin, Australia has somewhat followed China in establishing its stance on blockchain by releasing a national roadmap after a year of preparation. The document, which attests to Australia's recognition of the potenti...
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