IMF lawyers argue that central banks need reform before they can issue CBDCs
New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies.
Tag: People's Bank of China
Digital yuan will combat US ‘dollarization’ says former PBoC governor
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan.
Central bank digital currencies have the power to upend global finance
Central bank digital currencies will fundamentally change our conceptions of money and its uses.
U.S. Vs. China: who will win the digital currency war?
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB.
Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries
The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.
China Will ‘Undoubtedly’ Pursue Digital Yuan, Central Bank Says
The People’s Bank of China has sent one of its strongest signals yet of a commitment to creating a digital national currency.
CoinDesk at WEF 2020: Crypto Themes to Watch as Davos Gets Underway
Get your Fourth Industrial Revolution hardhats on. CoinDesk is at Davos to help you ponder the slew of problems ailing today’s global economy.
