Tag Archives: CBDC

Major Chinese cities, including Shenzhen, Jinan, and Lianyungang, have reportedly launched approximately 200 activities involving the digital yuan during the Spring Festival.  The authorities aim to boost the asset’s adoption during one of the largest holidays in the country. China Continues With its CBDC Efforts According to recent coverage, the local government started digital yuan activities worth more than 180 million yuan ($26.5 million) in several cities to encourage...

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The CEO of the world’s largest credit card company told shareholders on Tuesday that stablecoins and central bank digital currencies (CBDCs) will play a “meaningful role” in the payments space going forward.  The company also published its 2022 annual report, in which it wrote about its simultaneously complementary and competitive relationship with cryptocurrencies.  Visa’s Crypto Outlook As explained by CEO Alfred Kelly during a conference call, Visa already has “multiple...

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