Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.
Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
Central bank digital currencies can have broad implications for the global balance of power, experts say.