Central banks are both actively exploring the latest development of digital currencies. Speaking at a financial forum in Shanghai last week, Ravi Menon, the managing director of the Monetary Authority of Singapore, said CBDC is currently a very hot topic and highlighted China’s progress in developing its CBDC. Menon said Singapore and China are having …
Singapore to Explore Central Bank Digital Currency With China Read More »
It was a great pleasure and honor to be the keynote speaker at the World Digital Currency Forum on the 16th December 2019 in Hong Kong, along with my colleague and Asia Pacific CEO of The World Nano Foundation Global Economist Nick Zhao. It was a great opportunity to share with everyone the extraordinary innovation …
Converging Nanotechnology and Digital Currencies Read More »
On 16 December 2019, the World Digital Currency Forum launched a global launch conference and the ACU white paper launch conference in Hong Kong. The theme of the conference is “subversion, innovation, opportunity, and change”, adhering to the concept of “collision of wisdom, dialogue of the future”, and is committed to promoting exchanges and cooperation …
Last month, we reported that the bank was thinking about issuing a digital currency. The proposal was part of a draft that seeks to ban “high-risk” crypto projects. The ECB’s target is Libra, the global digital currency developed by Facebook, which has been repeatedly criticized by European leaders. Now the central bank is debating the pros and …
ECB PONDERING PROS AND CONS OF A DIGITAL CURRENCY Read More »
Adoption of stablecoins proves popular Different forms of currency have been used over the ages — such as seashells, wampum and metal coins — and in more recent times, bank notes made from paper and plastic are in wide circulation. Nowadays, the digital era is set to redefine the features of money and the ways …
HONG KONG, CHINA / ACCESSWIRE / December 4, 2019 / The global launch of the Asia Currency Unit (ACU) white paper will be held in Hong Kong, the Asia Pacific financial center, on 16 December 2019. At that time, authoritative representatives from more than 50 countries will gather to witness ACU’s new great journey. According to …
The Global Launch of the ACU White Paper Will be Held in Hong Kong on 16 December 2019 Read More »
Global race to harness blockchain technology gathers pace The vice-chairman of the China Centre for International Economic Exchanges (CCIEE), Huang Qifan, says the country is determined to develop the world’s first sovereign digital currency. In a speech Huang stated: “The People’s Bank of China has been studying DCEP (digital currency electronic payment) for five or six …
China vows to launch the world’s first national digital currency Read More »
By Alun John HONG KONG (Reuters) – China’s digital currency will create a “horse race” when it is launched as commercial banks and other institutions compete to provide the best services using the new form of money, a central bank official said on Wednesday. China is preparing to be the first country to roll out …
CHINA’S DIGITAL CURRENCY WILL KICK OFF ‘HORSE RACE’: CENTRAL BANK OFFICIAL Read More »
CircCircle CEO Jeremy Allaire believes that China’s developing “cryptocurrency” could propel the yuan to worldwide renown as a global reserve currency. Speaking to CNBC’s Squawk Box, Allaire highlighted the budding prospects of the central bank digital currency (CBDC), suggesting that it could act as the “mechanism” for worldwide adoption of the yuan. “I look at this really meeting several …
China’s Crypto Could Become a Global Reserve Currency: Circle CEO Read More »
Facebook CEO Mark Zuckerberg was at least half right when he recently told the United States Congress that there is no US monopoly on regulation of next-generation payments technology. You may not like Facebook’s proposed Libra (pseudo) cryptocurrency, Zuckerberg implied, but a state-run Chinese digital currency with global ambitions is perhaps just a few months …
The high stakes of the coming digital currency war Read More »
