US Republican presidential candidate Vivek Ramaswamy, in a recent X post, expressed his strong views on Central Bank Digital Currencies (CBDCs), adding that it opens a clear path to social credit scoring. “I have a one-word answer to central bank digital currencies: NO. Central bank digital currencies open a clear path to social credit scoring. … Read more
The Consumer Matters Most for the Global Economy in 2024 Bloomberg Source link
The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more
I’m Tom Hancock, a senior reporter in Hong Kong. Today I’m looking at what deflation in China means for the world. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X, the social media platform formerly known as Twitter, via @economics. And if you aren’t yet signed up to receive this newsletter, … Read more
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies is moving closer to reality, raising eyebrows among some defenders of a system long dominated by the dollar. The Beijing-backed digital prototype for sending money around the world without relying on US banks is advancing so quickly that … Read more
The world’s reserve currency may be about to go digital, potentially transforming the way Americans move and use their money. On Wednesday, the White House directed federal agencies from the Treasury to the Commerce Department to research a number of crypto-related topics, including the pros and cons of a digital dollar. For consumers, the move … Read more
The U.S. will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to Bank of America Corp. U.S. government-backed coins, also known as central bank digital currencies, or CBDCs, “are an inevitable evolution of today’s electronic currencies,” strategists Alkesh Shah and Andrew Moss, wrote in a report Monday. … Read more