digital yuan

US not competing with Beijing on digital currency, says Fed chair

Critics express concern that Washington is worried that e-money backed by a large economy such as China poses a threat to the greenback’s supremacy (ATF) China’s rapid development of a heavily controlled digital yuan is not a model for Washington to emulate, Federal Reserve chair Jay Powell said on Wednesday, adding that the US would […]

China extends digital yuan test to Beijing as Shenzhen holds second lottery

China’s digital yuan testing has extended to the capital, Beijing, after months of testing in other major cities. According to local news outlets, the pilot test of the central bank digital currency (CBDC) will focus on small local enterprises initially. The CBDC, alternatively known as the digital currency electronic payment (DC/EP), has been in testing […]

Will America or China be No. 1 in cryptocurrency?

China shouldn’t stroll to the front for next-generation technology for financial services, a U.S. invention ANALYSIS/OPINION: Regardless of what happens in the election, regardless of what one thinks the direction of the country should be, virtually everyone on the planet agrees that it would be better for the United States to remain the No. 1 […]

Where Does Bitcoin Fit in the Global Reserve Currency Game?

On this “Speaking of Bitcoin” episode, join hosts Adam B. Levine, Andreas M. Antonopoulos, Stephanie Murphy, and Jonathan Mohan for a look at the past, present and future of global reserve currencies. In the beginning there was the global reserve currency (U.S. dollars,) national currencies like the Japanese Yen, alternative currencies like Ithaca hours and just one […]

Scroll to top