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Digital Yuan
The End of Exorbitant Privilege: Inflation, the Global Dollar and What Comes Next
What would it mean for the dollar to lose its global reserve status? Why might it happen? And what could take its place?
PBoC Says It Will Keep High Pressure on Crypto Trading
China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.
Beijing City Blockchain Touts Interoperability With File Storage Product
The city's government plans to unite data that's spread out among its departments.
China Unveils Cryptography Research Center to Support Digital Yuan
The institute will be used to develop applications of the technology in an effort to boost security for China's central bank digital currency.
Insurer Pingan Issues Digital Yuan COVID-19 Policies for Medical Staff: Report
Purchasers who pay for their coronavirus coverage with e-CNY can receive discounts.
Canada CBDC 'Probably Necessary' for Competition, Central Bank Says in Paper
The authors argue a central bank digital currency will likely be positive for Canadians, breaking monopolies in big tech and traditional finance.
US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics
As central banks around the world race to establish a CBDC, Republican senators Marsha Blackburn, Cynthia Lummis and Roger Wicker are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing, citing privacy concerns. “CBDC nationalism could get really ugly,” host Zack Seward said.
Senators Urge E-CNY Ban, Russia Woos Crypto Miners
US Senators urge Team USA to ban the use of E-CNY. Russia woos crypto miners with green credentials, and street performers embrace digital payments. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
US Senators Ask Team USA to Boycott China’s Digital Yuan at 2022 Olympics
“We cannot allow America’s athletes to be used as a Trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Sen. Cynthia Lummis.
E-CNY White Paper Released, Malaysia Steamrolls Mining Rigs
China releases white paper on E-CNY. Bitcoin mining difficulty falls for the fourth time in a row. Malaysian police steamroll seized crypto mining rigs. More on these stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”