Alibaba’s Jack Ma praises the disruptive nature of digital currencies
The current conservative international financial system doesn’t suit young people or young economies, says Ma. Go to Source Powered by WPeMatico
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Central bank digital currencies have the power to upend global finance
Central bank digital currencies will fundamentally change our conceptions of money and its uses. Go to Source Powered by WPeMatico
Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff
Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts. Go to Source Powered by WPeMatico
Digital yuan will work with WeChat and Alipay, says bank exec
Details regarding the digital yuan’s characteristics are taking shape. Go to Source Powered by WPeMatico
China’s central bank lays regulatory foundation for CBDC
The new draft law legitimizes digital yuan and may criminalize the issuance of yuan-backed stablecoins by third parties Go to Source Powered by WPeMatico
Blockchain is still far from maturity, says China’s former IT minister
He doesn’t seem to think China is that far ahead of the USA when it comes to blockchain development — at least for now. Go to Source Powered by WPeMatico
OKEx’s lips remain sealed on its sudden crypto withdrawal freeze
OKEx’s secrecy around locking customer withdrawals has led to misinformation and confusion around what’s happening with the exchange. Go to Source Powered by WPeMatico
Pomp says US digital dollar needs to happen now
The U.S. doesn’t mind coming a bit late to the CBDC party, but is that the wrong approach? Go to Source Powered by WPeMatico
Filecoin creator denies strike allegations
“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter. Go to Source Powered by WPeMatico
Better to get it right than to be first with CBDC, says US Fed chair
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued. Go to Source Powered by WPeMatico