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ACU white paper officially released, Asian economic integration is just around the corner

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 …

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ECB PONDERING PROS AND CONS OF A DIGITAL CURRENCY

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 …

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The Global Launch of the ACU White Paper Will be Held in Hong Kong on 16 December 2019

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 …

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China vows to launch the world’s first national digital currency

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 …

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CHINA’S DIGITAL CURRENCY WILL KICK OFF ‘HORSE RACE’: CENTRAL BANK OFFICIAL

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 …

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China’s Crypto Could Become a Global Reserve Currency: Circle CEO

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 …

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The high stakes of the coming digital currency war

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 …

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Central Banks Worldwide Race To Launch Own Digital Currencies

Here is my final illustration “Central Banks Worldwide Race To Launch Own Digital Currencies”, inspired and drawn in a ‘Rick and Morty‘ illustration style. The human figures scurry around building their rockets to launch, alongside the central banks. ————————————————————– Several central banks in different countries are considering implementing some form of Central Bank Digital Currency …

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