• JD.com supports digital yuan
    Cryptocurrencies,  Technology

    Another Chinese ecommerce behemoth adds digital yuan support

    Plans to integrate a mobile wallet for both online and offline usage comes as China declares its central bank digital currency ready for rollout

    The project is the latest example of major Chinese consumer retail conglomerates backing China’s digital yuan project—formally known as Digital Currency/Electronic Payment, or DCEP.

  • digital yuan ready for deployment
    Cryptocurrencies,  Politics

    China’s digital yuan ready for deployment

    People’s Bank of China calls digital yuan a weapon in a “new battlefield” between nations

    Reuters reported today that the PBoC is eager to become the world’s first nation to issue a CBDC in an attempt to internationalize its fiat currency and reduce its reliance on the dollar’s financial infrastructure.

  • Bahamas france CBDC
    Cryptocurrencies,  Politics

    Bahamas launches digital currency as France tests a Tezos-based CBDC

    It’s a big day for state-backed digital currencies as the two countries announced major developments

    The Bahamas plans to roll out its digital currency, the sand dollar, next month. Meanwhile, banking giant Société Général chose Tezos to test France's central bank digital currency

  • Europe clamps down on Libra
    Politics,  Regulation

    EU leaders to Libra: Follow tough rules or face ban

    In new proposals, some of Europe’s biggest economies want Facebook’s stablecoin project to be based in the EU and not in Switzerland… or else

    Five of Europe’s biggest economies are urging the European Commission to enforce strict regulations for stablecoins—in the surest sign yet that Facebook’s embattled Libra project isn’t out of the woods despite drastic changes.

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