If the U.S. government doesn’t lead financial innovation, China will leapfrog it and control the world’s emerging monetary infrastructure.
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.
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.
Central bank digital currencies can have broad implications for the global balance of power, experts say.
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.
China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.