Author: Michael Sung, Fudan University A few years ago, governments were not prepared to accept any potential systemic disruption that digital currencies could have on the international monetary system. But positions have been changing drastically. Facebook’s June 2019 announcement of its own digital currency, initially called Libra, then known as Diem, was a shot heard
Cryptocurrencies updates Sign up to myFT Daily Digest to be the first to know about Cryptocurrencies news. The writer is a senior fellow at Harvard Kennedy School The emergence of central bank digital currencies is inevitable. Research on CBDC design and implementation is under way around the world. China is seven years into the process
A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier’s desk Costfoto/Barcroft Media via Getty Images Yao Qian, the former head of China’s digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday.