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Digital Yuan
Ant Group Shares Exclusive Database Tech to Grow China’s E-Yuan
Internet giant Ant Group, which owns mobile payment leader Alipay, says it will offer technical support to help China roll out its digital currency. JD.com, a leader in China’s e-commerce space, reveals that it’s started paying some employees with the DCEP.
Dogecoin Swells Over 80% in Asia Hours; China’s CBDC Pilots Turn One
Dogecoin prices surged during Asia trading hours, thanks to celebrity hype from Tesla CEO Elon Musk and fellow billionaire Mark Cuban.
China Cracks Down on Jack Ma's Fintech Giant Ant Group: Why It Matters
Chinese billionaire Jack Ma's Ant Group will become a financial holding company subject to China's central bank's oversight following a recent antitrust case in China. "The Hash" panel discusses the global significance of these developments and reads between the lines about China's crackdown on fintech firms, Alipay and the digital yuan.
Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'
Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China's digital yuan would give the country a "first mover advantage" in the world of CBDCs. Though Carstens didn't directly name China, his speech challenged "overblown" rhetoric that any one CBDC would become the world's reserve currency based on "digital nature alone." Nik De breaks it down.
