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Sweden Is Exploring A Central Bank Digital Currency As The Race Is On By Other Countries Against China

Sweden the country most known for its cashless society is exploring launching a potential Central Bank Digital Currency (CBDC.) Sweden’s government will start exploring the utility of having the country move to a digital currency, Bloomberg reported. Per Bolund, Sweden’s financial markets minister said a review launched for the evaluation of an E-Korona (not to… Read More

The ‘One China’ Policy May be Ending – is the Digital Yuan Going to Fail Internationally?

The relationship between the USA and China is falling apart. In fact – we may be at a turning point in history. While some of the moves that have evolved from trade liberalization with China have been a benefit to Western corporations – the power that China has amassed is ultimately at odds with the… Read More

Japan is Falling Behind China in CBDC Race – Years Lost to Inaction

Japan regulators have concerns about the fact that the digital yuan could become a real currency for international trade, especially since Japan is “lagging six years behind China” when it comes to digital currency progress. In a statement on Japanese media, former Pan Pacific director Yusuke Takano pointed out China’s attempts to, “lead the world… Read More

China’s Digital Yuan isn’t a Great Idea – Watch it Implode on the World Stage

China is pushing the envelope with its Digital Yuan (DY) program – especially if it plans to launch the currency globally. Some commentators have proposed that the DY program could challenge the reserve currency status of the US dollar – which is laughable. No, no Chinese currency – digital or otherwise – will supplant the… Read More

Clash of the Wet Noodles – US and China Equally Suited to Fail in a Decentralized World

It is interesting to compare the USA and China in terms of their next generation tech development priorities. In a recent OP-ED by Ripple co-founder and chairman Chris Larsen warned that the US risks losing a digital cold war that could see the Chinese Yuan replace the US dollar as the global reserve currency. This… Read More

China to Dump US Debt – Global Monetary Chaos Will Drive Cryptos Higher

Don’t be positive about US-Sino relations. While the Trump administration is giving China some leeway on Phase One of the trade deal, there is probably more going on than is being talked about in the corporate media. According to CCP mouthpiece the Global Times, “China may gradually reduce its holdings of US Treasury bonds to… Read More

Why Did the PBoC Back-Off the Digital Yuan?

Don’t look for any certainty around the introduction of China’s Digital Yuan. Despite all the fanfare around a Central Bank Digital Currency (CBDC) in the worlds second largest economy, it looks like the project is being underdeveloped at the highest levels, and merchant banks aren’t willing to allow the public to play with the currency…. Read More

US Government Looks for Ways to Use Blockchain as China Backs off Digital Yuan

Many US government agencies are slowly showing their interest in blockchain (distributed ledger technology) thanks to the transparency and efficiency it provides. This interest stems from a proof of concept conducted by the Office of Financial Innovation and Transformation (FIT) to track mobile devices. Later, the technology was implemented into other projects that manage software… Read More

Huawei Could be Arming the CCP with a Weaponized Blockchain

In a recent report from Chinese Official News Outlet, the People’s Daily, Huawei’s vaguely stated “strategic cooperation agreement” with the central bank in 2019 was fleshed out with added detail. Huawei will be a large contributor toward the government’s “New Infrastructure Initiative” by providing its Huawei Cloud blockchain to help build Beijing’s digital city. The… Read More

Brazil’s Central Bank is Taking an Interest in Central Bank Digital Currency

In a recent study published by Brazil’s Central Bank, a team was created to discuss the intricacies of introducing a central bank digital currency (CBDC). The group consists of 12 members with the goal of digitising the paper bound currency. The coordinator of the intergovernmental group and also a member of the Central Bank IT… Read More

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