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Tag Archives: digital yuan

Digital Yuan Shows CBDC A Distant Cousin of Bitcoin

Jul 13, 2021

Olusegun Ogundeji

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...

US Reps Highlight Likely Digital Dollar’s Edge Over Yuan

Jun 16, 2021

Olusegun Ogundeji

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 Ruling Council Calls for Bitcoin Mining Crackdown, Trading

May 22, 2021

Olusegun Ogundeji

In what it says is a bid to prevent and control financial risks, the top echelon of the Chinese government has indicated their administration’s resolve to, among other things, combat Bitcoin mining and trading behaviour as they issued yet another stern warning against crypto mining in China. ...