china digital yuan

Jul

Retail CBDCs are off to a slow start in Asia

The hype is being separated from the reality when it comes to retail central bank digital currencies (CBDCs) in Asia, and adoption is underwhelming. Nearly five years after China launched its first digital renminbi (e-CNY) trials, only two other Asian countries actually have a functional retail CBDC: India (though it…

Oct

Asia Payments Research

Assessing the implications of standardized QR codes on China’s fintech giants

China’s largest ever tech crackdown has failed to dethrone Alipay and WeChat Pay from their dominance of the country’s fintech sector, even if it has reduced their profitability. For better or worse, the duopoly seems to have staying power, especially in payments, the stickiness of the respective super apps evident.…

Feb

China Blockchain Research

Digital yuan initiative puts pressure on U.S. to up its virtual currency game

The Trump administration has not shown much enthusiasm for a sovereign digital currency so far. With China’s advances in the area, however, Washington’s stance could be set to change. In early February, a member of the United States Federal Reserve Bank board of governors said the Fed is researching and…

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