• Is Digital yuan a surveillance tool for the government?

    Is Digital yuan a surveillance tool for the government?0

    According to Yao Qian, the People’s Bank of China director, China’s digital Yuan utilizing smart contracts. Moreover, it will be built to counter Alipay-like payment platforms that privately-owned conglomerates design. International finance forum He argued at the International finance forum in Beijing. He said that simply stimulating the digital Yuan’s physical counterpart would not be

    READ MORE
  • According to Federal Reserve, Governor United States must win the CBDC race.

    According to Federal Reserve, Governor United States must win the CBDC race.0

    The federal reserve governor has argued that the United States must be at the forefront of developing the central bank-issued digital currency. It is needed to bolster the role of the US dollar as a global reserve currency. Global Financial System On May 24th, Lael Brainard, the federal reserve governor, made an announcement. In the

    READ MORE
  • CBDC could pose a threat to the financial system

    CBDC could pose a threat to the financial system0

    The state-backed digital currencies can disrupt the financial systems. Though CBDCs can help Central banks to address the decline in cash payments, some risk factors remain. Fitch Ratings Fitch Ratings is a Big Three credit agency. It warned that the central bank digital currencies could threaten the financial systems if the related risks are not

    READ MORE