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Industry figures argue central bank money is needed for token-based securities settlement
Chile’s top central banker says the financial system could benefit from central bank digital currencies, particularly in “unconventional” monetary policies.
Although payments are increasingly digital, China has little interest in creating a self-settling digital yuan system using blockchain, Abacus News reports. According to the outlet: 'China is increasingly a cashless society. Even street-food sellers in small towns will prefer to use a mobile payment app
China to Include P2P lending Industry into Credit System On September 2nd, the special working group for Fintech risk ratification and special working group for online lending administration jointly issued a notice, requiring all p2p lending institutions to be connected to the credit system established
While China has obviously morphed from a command economy to one that has wholeheartedly embraced the benefits of capitalism and a market economy there still remains substantial central planning. The current Belt and Road initiative is all about global development and increasing China's influence around
The People’s Bank of China’s much-anticipated digital currency may allow fund transfers without needing a bank account, according to Binance Research.
BIS chief envisages system with wholesale digital currency alongside private retail payment systems
Sovereign states and central banks could digitize paper money and be the concrete alternative to Libra.
After five years in development, the deputy director of the People's Bank of China's Payments and Settlement Division, Mu Changchun, says, '(The) People's Bank digital currency can now be said to be ready.' Shanghai Securities News (SSN) writes that Mu made the announcement at the third
New electronic payment system will use double-layer framework for digital currency
China’s State Council Approves the Research and Development of CBDC At the launching ceremony and the first academic seminar of the Digital Finance Open Research Project held on July 8th, Wang Xin, director of the Research Bureau of the People's Bank of China, revealed that
Launching a CBDC could protect the pre-eminence of public money, a new report argues
Two researchers at The Foundation for Defense of Democracies (FDD) have produced a comprehensive report on Russia, Venezuela, Iran and China's efforts to create or exploit alternative payment systems that would allow them to circumvent the US dollar as a means of enforcing American foreign
China’s central bank is developing its own CBDC, as officials voice concerns over Facebook’s Libra