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The PBOC is seeking to add interest payments to e-CNY holders, to expand the national use of the digital yuan, while the US has banned the creation of a CBDC due to financial stability risks.
While China has been ahead of the game when it comes to government-backed digital currencies, adoption has been slow.
China will allow interest on digital yuan in 2026, while cracking down on crypto mining and tokenization activities.
Unlike the United States, where the Central Bank Digital Currency (CBDC) - aka the Digital Dollar - faces a concerted legislative pushback, the European Union is pushing ahead with its Digital Euro project, which paints a bleak picture for Apple Pay within th…
China's digital yuan plan could reshape global financial systems, enhancing cross-border transactions and integrating digital currency into banking. The post China unveils new action plan for digital yuan management appeared first on Crypto Briefing.
Depending on how they are designed, the rails conveying digital money can underpin an open monetary system or entrench a bipolar system of competing blocs with incompatible standards. For the US, continued global monetary leadership will require upgrading dom…
The new framework due Jan. 1 will let banks pay interest on clients' e-CNY holdings.
The crypto market is changing fast. Following the sharp volatility in the past week, investors […]
Chile has made a hard pivot. In a decisive Dec. 14 runoff, José Antonio Kast, a conservative former congressman and leader of the Republican Party, won the presidency with roughly 58% of the vote over leftist Jeannette Jara. It marks Chile’s starkest rightwar…
If 2024 was the year of the crypto reawakening, 2025 was the year the plumbing finally got permitted. This year, the emerging industry entered January with tentative optimism and exited December with federal statutes. As a result, the narrative shifted defini…
Concerned that a CBDC will drain funds from traditional banks, regulators are considering caps on how much digital euro citizens can hold to ensure it's purely for payments.
The EU Council has reportedly endorsed a new negotiating position for a digital euro. The council is now supporting the idea of a version of the central bank digital currency (CBDC) that includes online and offline functionality, Reuters reported Friday (Dec.…
Indonesia’s OJK issues whitelist of 29 licensed crypto traders as new rules take effect and Robinhood, OSL target the country’s rapidly expanding market.
US banks are quietly laying the groundwork for onchain finance by tokenizing deposits, custody and funds without abandoning regulation or traditional financial rails.
U.S. government finances are failing. But instead of allowing things to continue to their inevitable demise, the central planners are looking to pull off another switcheroo. Like the issuance of Greenbacks during the Civil War or FDR’s gold confiscation in 19…