Whoever dominates the world’s energy markets rules global politics. Coal fuelled the expansion of the British empire. Control over oil flows helped the US dictate the settlement after World War […]
As China launches its state digital currency, the US and UK appear to be stepping away from the idea. Full steam ahead in China Last week China took another big […]
How China’s digital payments technology will take over the world. Our guest on the latest New Money Review podcast is Rich Turrin, a US citizen based for a decade in […]
Central banks around the world are rushing to prepare digital replacements for their notes and coins. But the most critical question of all regarding state digital money remains unresolved. Will […]
Leaked prototypes of China’s new central bank digital currency (CBDC) suggest the country will use mobile phone-based money to challenge US control of the global financial system. According to media […]
Everyone outside the country is expecting the arrival of China’s new sovereign digital currency. President Xi has recently been singing the praises of blockchain technology, the infrastructure for the new […]
Emerging markets are at the forefront of the race to develop central bank digital currencies (CBDCs), and all eyes are on China. That’s the main conclusion of a new Bank […]
China’s central bank head sought last week to head off speculative fever regarding the launch of a new state-backed digital currency. Intense investor interest in China’s financial technology (fintech) sector […]
Central banks around the world have so far been reticent about issuing their own digital currencies. But there’s one major exception: China, the world’s largest trading nation. Earlier this month, […]
Only a few months ago, central banks were stalling on plans to issue their own digital currencies. Now China is taking an early lead in the race to launch one. […]