Richard Turrin, Author of ‘Cashless’, reveals the true potential of e-CNY that goes beyond retail payments and insights into ways of breaking the dollar monopoly on oil trade. After Dr. Michael Salmony explored the evolution of money from traditional banknotes to digital CBDC, Richard takes the baton in our CBDC series, shedding light on … Read more
Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! (Kitco News) – The Swiss National Bank (SNB) has announced a new partnership with six commercial banks and the SIX Digital Exchange (SDX) … Read more
Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! (Kitco News) – U.S. House of Representatives Majority Whip Tom Emmer (R-MN) reintroduced his CBDC Anti-Surveillance State Act on Tuesday, a piece of … Read more
Some China watchers have recently sounded the alarm that the digital yuan, a central bank digital currency, is poised to challenge the U.S. dollar’s dominance in the global financial system. Could China’s new digital currency soon displace the dollar as the favored means of pricing commodities, powering global commerce, and banking foreign currency reserves? Might … Read more
A set of announcements over the past few days have fuelled hopes of some sort of policy convergence in the Indian financial sector. First, finance minister Nirmala Sitharaman announced that the government would soon unveil rules on allowing Indian firms to list directly on overseas exchanges and at the International Gift City exchange in Gujarat. … Read more
Next year, visitors and atheletes attending the 2022 Beijing Winter Olympics may pay for goods and services using what is currently the world’s most advanced digital currency: the digital yuan, or e-CNY. Even in a region where governments are rapidly developing digital currencies, the e-CNY stands out. Trials began in four Chinese cities in May … Read more