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China’s central bank may launch its own digital currency in the next 18 months amid strong endorsements of blockchain from the highest levels of government, signaling a desire for China to be self-reliant and globally competitive and adding another dimension to the growing U.S.-China tech rivalry. “China is making these very large macro plays,” says Mike Wasyl, managing …

Why China’s Digital Currency Is a ‘Wake-Up Call’ for the U.S. Read More »

China’s proposed digital currency could trigger global use of the yuan, according to the CEO of American cryptocurrency financial services firm Circle. The People’s Bank of China (PBOC) last month announced that it’s close to launching its own digital currency, saying that the rationale behind the move is to “protect” its foreign exchange sovereignty. This becomes a mechanism …

China’s new digital currency could encourage worldwide use of the yuan, says CEO Read More »

Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also …

Central Banks Worldwide Testing Their Own Digital Currencies Read More »

Circle CEO Jeremy Allaire recently made his case on why the People’s Bank of China (PBoC) issuing its own cryptocurrency might be a massive boost for the yuan. In fact, it could propel it to increased global status. The Chinese government has been looking to position the yuan as a strong alternative to the U.S. …

How China’s New Digital Currency Could Facilitate Use of the Yuan Worldwide Read More »

Malaysia’s central bank recently completed a proof-of-concept for a CBDC with three other nations and may consider developing its own  cross-border payment system using the blockchain. Malaysia has joined the growing cadre of nations that are exploring the value of researching and developing a central bank digital currency (CBDC). Malaysia’s central bank, Bank Negara Malaysia, stated to …

Malaysia’s central bank actively assessing CBDC options Read More »

Medical professionals have developed ways to track and store personal health data securely within the blockchain. Blockchain use cases continue to grow as the world learns about the benefits that it brings. Apart from bringing financial innovations  like the ability to do peer-to-peer transactions, blockchain now makes its way to the health industry. Health specialists …

Blockchain meets activity tracking: Project rewards healthy habits with tokens Read More »