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Why the Rise of the CBDC Is Bad for Your Privacy


Like, hate, or fear them, central bank digital currencies (CBDCs) are on their way. There will be no stopping them. From Sweden to Thailand and China to Canada, governments the world over are experimenting with CBDCs. While most are being undertaken as pilots at this stage, China’s is all...

Russia and China De-dollarization Approaching ‘Breakthrough Moment’


China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...

Chinese Steelmakers Using Blockchain to Break Dollar Dependence


Chinese firms could look to end their dollar dependence in international trade deals using blockchain technology – with the nation’s steel industry looking to purchase raw materials in Chinese fiat RMB rather than the American greenback. Per a report from China Economic Net, an increasing number...

US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT


The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed...

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