Inflation games: Bitcoin competes with fiat on value but lacks volume
Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies. Go to Source Powered by WPeMatico
Yuan
Auto Added by WPeMatico
China’s digital yuan is ‘a long way’ from beating USD says financial firm exec
Sounds like its CBDC is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon. Go to Source Powered by WPeMatico
Senior Japanese official fears China being ‘first-mover’ in digital currency
China might gain control over global CBDC standards, a Japanese official warns. Go to Source Powered by WPeMatico
European central bank execs explain why CBDCs don’t need blockchain
Before trying to apply blockchain to anything, think why. Go to Source Powered by WPeMatico
No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency. Go to Source Powered by WPeMatico
At least 3 nations to replace their currency with CBDC by 2030: report
The digital yuan will not unseat the U.S. dollar — at least not right away. Go to Source Powered by WPeMatico
Digital cold war? United States and China vie for blockchain supremacy
As the tech standoff heats up, China launching a CBDC before the U.S. “absolutely does not guarantee global financial preeminence.” Go to Source Powered by WPeMatico
China plans to use its digital yuan at the 2022 Winter Olympic Games
Details about the official launch date still remain murky. Go to Source Powered by WPeMatico
The US is losing the ‘tech cold war,’ warns Ripple co-founder
China can reverse Bitcoin transactions, a Ripple exec said. Go to Source Powered by WPeMatico
Why the Rise of the CBDC Is Bad for Your Privacy
Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all but ready for primetime. Social Credit … Read more